European stocks rose, extending a six-year high, as quarterly earnings from ThyssenKrupp AG to Airbus Group NV exceeded analysts�� estimates. U.S. futures were little changed and Asian shares rallied.
ThyssenKrupp climbed 4.7 percent after Germany��s biggest steelmaker also raised its full-year earnings forecast. Airbus advanced 4.4 percent. Royal Bank of Scotland Group Plc gained after its U.S. retail-bank subsidiary filed for an initial public offering. Telecom Italia SpA declined as quarterly revenue missed estimates.
The Stoxx Europe 600 Index added 0.3 percent to 341.93 at 8:07 a.m. in London. The gauge has risen 7.7 percent from this year��s low on Feb. 4 to the highest level since January 2008 as mergers-and-acquisitions activity increased and European Central Bank President Mario Draghi said policy makers are ready to take action to support the economic recovery. Standard & Poor��s 500 Index futures added 0.1 percent, while the MSCI Asia Pacific Index rose 1 percent.
A gauge of German investor and analyst expectations fell this month to 40 from 43.2 in April, economists forecast in a Bloomberg survey before the ZEW Center for European Economic Research releases its index data at 11 a.m. in Mannheim.
In the U.S., a report at 8:30 a.m. in Washington may show retail sales in the world��s biggest economy rose 0.4 percent in April, following a 1.2 percent gain the previous month, according to the median economist estimate.
Source : Bloomberg