The European stocks rose today, with the Stoxx Europe 600 Index heading for its best month from October 2011. This was clearly a response from investors who awaited for the US economic growth report for the second quarter. On the other hand, there were little changes in the US futures while the Asian shares fell.
Vinci SA fell by 1.9% saying that its profit went down due to poor weather, which caused difficulties in in their roadworks in Europe. Anheuser-Busch InBev increased by 6.9% after it posted sales that beat estimates. Invensys also rose by 2.1% after Schneider Electric SA announced to buy the company for 502 pence per share piece.
The Stoxx Europe 600 Index increased less than 0.1% to 299.56 at 9:18 am in London. This was a decrease from earlier data of 0.5%. The Federal Reserve said that European stocks remained flexible on its pace of bond purchases. This is because the equity benchmark increased by 5.1% in July. Today, S&P Index futures rose to 0.1% while the MSCI Asia Pacific Index fell by 0.9%.
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