European equity-index futures advanced as UBS AG, Barclays Plc and Bayerische Motoren Werke AG reported earnings that beat estimates, and the dollar weakened. Nickel gained and wheat extended its advance as the conflict in Ukraine��s east intensified.
Futures on the Euro Stoxx 50 Index climbed 0.3 percent by 7:10 a.m. in London, while contracts on the Standard & Poor��s 500 Index added 0.2 percent. The Bloomberg Dollar Spot Index headed for its lowest close in three weeks. Nickel for three-month delivery on the London Metal Exchange jumped 1.6 percent while gold traded near the highest since April 14. Wheat climbed as much as 0.7 percent after reaching a 13-month high yesterday.
Four Ukrainian troops died and 30 were wounded by pro-Russian rebels in Slovyansk, a city in eastern Ukraine, amid reports government forces also killed 20 insurgents. Energy ministers from the Group of Seven nations are discussing ways to reduce Europe��s reliance on Russian supplies of oil and gas in light of the current crisis. The Reserve Bank of Australia kept benchmark borrowing costs at an all-time low, before data on service industries in the euro zone and the U.K.
Source : Bloomberg