European stocks climbed, rebounding from yesterday’s selloff, amid speculation central banks in the U.S. and China will ease monetary policy further to support economic growth. U.S. index futures and Asian stocks also rose.
International Consolidated Airlines Group SA (IAG) and Air France-KLM (AF) gained 1.4 percent and 1.6 percent, respectively, after rival Qantas Airways Ltd. posted its first annual loss in at least 17 years. Anglo American Plc (AAL) increased 1.5 percent as the mining company was said to be nearing an agreement to end a dispute over a copper mine in Chile. Royal Ahold NV declined 2.8 percent after the retailer reported earnings that missed some analysts’ estimates.
The Stoxx Europe 600 Index (SXXP) advanced 0.6 percent to 270.74 at 8:15 a.m. in London, paring yesterday’s 1.2 percent drop. The benchmark measure has rallied 16 percent from this year’s low on June 4. Standard & Poor’s 500 Index futures expiring in September climbed 0.3 percent today, while the MSCI Asia Pacific Index (MXAP) jumped 1.1 percent.
“Major central banks are likely to keep policy loose or loosen further in coming months,