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European stocks rose amid speculation the European Central Bank will announce measures to boost the economy as the region’s leaders meet to lay the foundations for a fiscal union. U.S. futures fluctuated and Asian shares fell.
CAC 5,561 +14.10 +0.25%
FTSE 3,183 +7.44 +0.23%
DAX 6,030 +35.62 +0.59%
BNP Paribas (BNP) SA, the biggest French bank, advanced 1.6 percent to 33.51 euros. Results of tests from the European banking regulator released today will show French lenders’ capital shortfall shrank from the October estimate of 8.8 billion euros ($11.8 billion), a person with direct knowledge of the matter said.
Tesco Plc (TSCO) slipped 1.4 percent to 391.4 pence. The U.K.’s largest supermarket chain said a sales decline continued in the third quarter as cost-conscious Britons were weighed down by unemployment fears and rising fuel and food bills. Revenue at U.K. stores open at least a year fell 0.9 percent, excluding fuel and value-added tax, in the three months ended Nov. 26.
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