Team Investix
09 September, 2010

European stocks climbed as a gain in Nestle offset concern that U.S. President Barack Obama will announce plans for further restrictions on banks. U.S. index futures were little changed

Nestle led rising shares as the world’s largest food company said first-quarter sales rose faster than analysts had estimated, fueled by Nespresso coffee capsules and higher demand in Asia.

The Stoxx Europe 600 Index rose 0.3 percent to 269.09 as of 8:55 a.m. in London. The index has climbed 6 percent year to date as the European Union agreed a $61 billion aid package to help Greece tackle the region’s biggest budget deficit.

Futures on the Standard & Poor’s 500 Index were little changed at 1,200.5. The MSCI Asia Pacific Index dropped 0.6 percent.

Most U.S. stocks rose yesterday, sending the Dow Jones Industrial Average up for a third day, as better-than-estimated earnings at Apple Inc., Morgan Stanley and Boeing Co. overshadowed concern Greece will default on its debt.