Most European Stocks Rise on BOJ Speculation, Italy Vote

 

Most European stocks gained amid speculation Japan may appoint a central bank chief who favors stimulus and as investors awaited the results of Italy’s parliamentary election. Asian shares climbed, while U.S. index futures were little changed.

BP Plc rose 2.1 percent after a report the U.S. may consider an offer to settle oil-spill claims. PostNL NV added 3.9 percent after posting earnings that beat estimates. Reckitt Benckiser Group Plc slid the most in nine months after a U.S. regulator approved two manufacturers to produce generic versions of its Suboxone heroin-dependency treatment.

The Stoxx Europe 600 Index (SXXP) increased 0.1 percent to 288.95 at 8:06 a.m. in London, as four shares advanced for each one that fell. The equity benchmark has climbed 3.3 percent this year and is on course for a ninth straight month of gains as U.S. lawmakers agreed on a compromise budget in January. The MSCI Asia Pacific Index rose 0.4 percent today, while Standard & Poor’s 500 Index futures added less than 0.1 percent.

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