Chinese Exports See European Stocks Gain

European stocks advanced as an increase in Chinese exports outweighed investor concerns the Federal Reserve will pare bond purchases this year. U.S. stock futures rose, while Asian shares were little changed.

Deutsche Telekom (DTE) rose 3.5 percent after second-quarter sales beat forecasts. Commerzbank AG gained 4.9 percent after profit in the second quarter exceeded analysts’ estimates. Banca Monte dei Paschi di Siena slid 2.6 percent after reporting a worse-than-forecast second-quarter loss.

The Stoxx Europe 600 Index rose 0.2 percent to 303.32 at 8:06 a.m. in London. The benchmark has rallied 10 percent since June 24 as the Federal Reserve, European Central Bank and the Bank of England pledged to continue stimulus. Standard & Poor’s 500 Index futures added 0.3 percent today, while the MSCI Asia Pacific Index climbed 0.1 percent.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.