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European Stocks Climb; Benchmark Stoxx 600 Index Rises 0.2%

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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