European stocks rose, with the regional index rising for the first time in three days, as UBS AG and Bayerische Motoren Werke AG reported profit that beat estimates, and the dollar weakened. Nickel gained with wheat as the conflict in Ukraine��s east intensified.
The Stoxx Europe 600 Index climbed 0.3 percent by 8:13 a.m. in London, while Standard & Poor��s 500 Index futures 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 1.7 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. French President Francois Hollande said there would be œchaos and a risk of war if Ukraine��s May 25 presidential election isn��t held. 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.
More than three stocks rose for each that fell on the Stoxx 600 today.
Source : Bloomberg