Feb. 3 (Bloomberg) -- Stocks in Europe and Asia rose and U.S. index futures advanced after Vodafone Group Plc reported sales that beat analysts’ estimates and governments from Japan to Australia widened efforts to revive economic growth.
Vodafone, the world’s largest mobile-phone company, gained 4.3 percent after third-quarter sales climbed 14 percent on a weaker pound and higher revenue in India. Sumitomo Mitsui Financial Group Inc, Japan’s third-biggest bank, increased 1.7 percent in Tokyo after the central bank said it will buy shares held by financial institutions.
The MSCI World Index rose for the first time in four days, adding 0.2 percent to 830.46 as of 8:05 a.m. in London. The benchmark index for 23 developed countries through yesterday had lost 9.9 percent in 2009, the worst start to a year since the measure was created in 1970.
Futures on the Standard & Poor’s 500 Index rose 0.3 percent after the benchmark index for U.S. equities yesterday pared its decline in late trading on optimism the White House is nearing a plan to shore up the nations banks. Japan’s central bank said today that it will buy shares held by financial institutions, while Australia announced $26.5 billion in extra spending.
“A late rally on Wall Street along with news of the Bank of Japan intervention to stabilize the country’s banking system should be enough to thaw the rather frozen mood that prevailed yesterday,” Matthew Buckland, a trader at CMC Markets in London, wrote in a note to clients.
Vodafone climbed 4.3 percent to 133.7 pence. Sales in the three months ended Dec. 31 rose to 10.47 billion pounds ($14.9 billion) from 9.16 billion pounds a year earlier. The average estimate of six analysts surveyed by Bloomberg was for 10.29 billion pounds.
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