European index futures little changed with Stoxx 600 at record
By Bloomberg
Europe’s stock-index futures were little changed after equities topped a record.
Contracts on the Euro Stoxx 50 Index expiring in June added 0.1 percent to 3,750 at 7:05 a.m. in London. The Stoxx Europe 600 Index rallied the most since January last week, surpassing an all-time high reached in 2000.
Economic data beating forecasts by the most in two years and a push by the European Central Bank to stimulate growth have sent the gauge tracking the region’s equities up 21 percent this year through Friday. With the euro near a 12-year low, automakers rallied the most in 2015, reaching a record in March. Energy companies closed at their highest level since October, helped by a surge in BG Group Plc after the announcement that Royal Dutch Shell Plc would buy it.
Last week’s stock rally propelled the value of global equities above $70 trillion for the first time. Benchmark stock gauges of Denmark, Portugal, Germany and Italy jumped the most among developed markets this year, climbing more than 25 percent. The Standard & Poor’s 500 Index was among the worst performers.
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