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17.01.2014 11:30

European stocks rose

European stocks rose, heading for a second week of gains, as mining companies climbed, and investors awaited reports on U.S. housing starts and industrial output. U.S. index futures and Asian shares were little changed.

The Stoxx Europe 600 Index added 0.4 percent to 335.16 at 9:52 a.m. in London as four stocks rose for every three that fell. The gauge has advanced 1.6 percent this week. The equity benchmark on Jan. 15 climbed to its highest level since January 2008 after the World Bank raised its forecast for global growth. Standard & Poor’s 500 Index futures gained 0.1 percent, while the MSCI Asia Pacific Index slipped less than 0.1 percent.

Royal Dutch Shell Plc slid 3.1 percent after saying that higher exploration costs and lower volumes will hurt fourth-quarter earnings.

Accor advanced 1.5 percent to 35.88 euros. Earnings before interest and taxes probably reached 530 million euros ($721 million), the owner of the Sofitel hotel chain said. It had estimated Ebit of 510 million euros to 530 million euros.

Essilor International SA declined 2.8 percent to 79.04 euros after the maker of lenses for glasses said it expects full-year comparable sales growth excluding currency swings of 5.4 percent. The company had forecast growth of about 6 percent.

FTSE 100 6,831.48 +16.06 +0.24%

CAC 40 4,324.79 +5.52 +0.13%

DAX 9,771.42 +53.71 +0.55%

17.01.2014 13:00

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