European Stocks Rise; Unilever, Tesco, Porsche Climb as Mediaset Declines

European stocks and U.S. futures advanced after President Barack Obama agreed to extend tax cuts and called for lower payroll taxes, offsetting concern that Europe’s sovereign-debt crisis will spread further. Asian shares gained.

The benchmark Stoxx Europe 600 Index advanced 0.3 percent to 272.18 at 8:02 a.m. in London.

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