http://www.bloomberg.com/news/2014-08-18/europe-stock-index-futures-gain-as-russia-ukraine-talk.html
European stocks advanced, after equities had their biggest weekly gain in more than a month, as Ukrainian and Russian officials met for talks. U.S. index futures rose, while Asian shares were little changed.
United Internet AG added 4 percent after saying it bought a 10.7 percent stake in Rocket Internet AG. Renault SA advanced 2.9 percent, helping a gauge of automakers post the biggest gain among 19 industry groups in the Stoxx Europe 600 Index. Neste Oil Oyj fell 1.4 percent after the Finnish company said production at one of its refineries will be lower.
The Stoxx 600 rallied 1 percent to 332.86 at 11:51 a.m. in London after advancing 1.5 percent last week. All of the gauge’s industry groups climbed today. Standard & Poor’s 500 Index futures added 0.5 percent, while the MSCI Asia Pacific Index slipped less than 0.1 percent.
“Every time you have a de-escalation of geopolitical risk, it works favorably to the market,” Steen Jakobsen, chief investment officer at Saxo Bank A/S in Copenhagen, said in a phone interview. “The short-term direction of the stock market at the moment is driven almost entirely by whatever news is coming out of the Ukraine-Russia situation. I see this as a temporary relief.”
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