European Stocks Rise as Ministers Meet; Yen Gains
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European stocks rose today and U.S. equity index futures advanced while German bonds declined as European finance ministers meet for the first time this year to discuss the debt crisis. The yen rose from a two-year low.
The Stoxx Europe 600 Index added 0.3 percent, with the volume of shares changing hands 34 percent less than the 30-day average. Standard & Poor’s 500 Index futures gained 0.3 percent. Japan’s currency strengthened 0.5 percent to 89.64 per dollar at 4:08 p.m. in New York. In Canada, the S&P/TSX increased 0.5 percent. Oil dropped from a four-month high. U.S. natural gas climbed to its highest level since Dec. 7.