London - European stocks rose with US equity-index futures as Apple's earnings fuelled optimism over the outlook for the global economy. The yen weakened and Japanese shares rallied after the prime minister signalled he was committed to a $265bn stimulus package.
Apple and its suppliers in Europe and Asia advanced after the iPhone maker reported a smaller-than-estimated decline in revenue. Positive earnings by companies from LVMH Moet Hennessy Louis Vuitton to PSA Group helped lift the Stoxx Europe 600 Index to a third day of gains.
Japan’s currency slid for the first time this week on speculation stimulus will boost demand for higher-yielding assets at home and abroad. The yield on two-year Treasuries was little changed near a one-month high as investors awaited the Federal Reserve’s latest assessment of the economy.