European Stocks Gain on Rescue-Fund Reports

European stocks pared gains as technology shares and mining companies declined. Asian shares climbed, while U.S. index futures fell.

Software AG (SOW), Accor SA (AC) and British Sky Broadcasting Group Plc (BSY) advanced after the reporting results.

The benchmark Stoxx Europe 600 Index gained 0.1 percent to 235.54 at 9:17 a.m. in London after falling 1.3 percent over the previous two days. The MSCI Asia Pacific Index advanced 0.7 percent, while Standard & Poor’s 500 Index futures fell 0.7 percent after Apple Inc.’s profit missed analyst estimates.

European Stocks fell yesterday as concern France may lose its top credit rating added pressure on the Europe’s leaders to find a solution to the debt crisis that has Greece teetering on the edge of a default. Shares also fell after a report showed China’s economy grew at the slowest pace in two years.