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- European stocks advanced
European stocks advanced
Italy’s Prime Minister Mario Monti will face a confidence vote in Parliament to speed passage of a 30 billion-euro ($39 billion) emergency budget plan aimed at spurring growth and cutting the euro-area’s second-biggest debt.
FTSE 100 5,442 +41.24 +0.76%
CAC 40 3,007 +8.07 +0.27%
Xetra DAX 5,757 +26.27 +0.46%
Petroleum Geo-Services ASA (PGS), the world’s third-biggest surveyor of oil and gas fields, rallied 5 percent to 57.40 kroner after it predicted earnings before interest, taxes, depreciation and amortization will rise to the range of $650 million to $700 million in 2012.
Credit Agricole SA (ACA), France’s second-largest bank by assets, gained 1.4 percent to 4.10 euros after it agreed to sell its private-equity unit to Coller Capital Ltd. for an undisclosed sum, to reduce risk-weighted assets by about 900 million euros.
Man Group Plc (EMG), the world’s largest hedge fund, fell 2 percent to 130.9 pence after Deutsche Bank AG cut the stock to “sell” from “buy.”
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