According to a BusinessWeek report, European stocks rose, with the benchmark Stoxx Europe 600 Index rebounding from a two-year low, as Group of 20 finance chiefs pledged to address rising risks to the global economy. U.S. futures gained while Asian shares fell.
Adidas AG climbed 3.1 percent after rival Nike Inc. raised its annual sales forecast and reported earnings that topped estimates. Societe Generale SA and BNP Paribas SA, the largest French banks, rallied more than 2 percent.
The Stoxx 600 rose 1.1 to 217.35 at 8:03 a.m. in London after yesterday tumbling 4.6 percent. Futures on the Standard & Poor’s 500 Index gained 1.2 percent while the MSCI Asia Pacific Index retreated 1 percent.
More than $3.4 trillion has been erased from equity values this week, driving the MSCI All-Country World Index of 45 nations into a bear market...
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Find out more at http://www.businessweek.com/news/2011-09-23/european-stocks-rebound-from-two-year-low-u-s-futures-advance.html
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