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European Stock Futures Climb as Swatch, SAP Profit Rises

July 24 (Bloomberg) -- European stock futures advanced, indicating the region’s equities will rise following their biggest two-day drop in eight months, as companies from Swatch Group AG to SAP AG posted sales and profit that climbed. U.S. index futures and Asian shares were little changed.

Faurecia SA may move after cutting its full-year target after first-half profit fell.

Futures on the Euro Stoxx 50 Index, a benchmark for the euro area, increased 0.2 percent to 2,184 at 7:08 a.m. in London. Contracts on the U.K.’s FTSE 100 Index gained 0.4 percent. Standard & Poor’s 500 Index futures expiring in September added 0.1 percent, while the MSCI Asia Pacific Index rose less than 0.1 percent.

The benchmark Stoxx Europe 600 Index slumped 2.5 percent yesterday, completing its biggest two-day plunge since November, as concern grew that Greece will default and more Spanish regions will follow Valencia in seeking a bailout.

To contact the reporter on this story: Tom Stoukas in Athens at astoukas@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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