European Stocks Gain, Euro Weakens Amid Greece Debt-Swap Talks

European stocks rose for a second day and the euro pared declines as Greece approached a debt-swap agreement with its private creditors. U.S. equity futures erased losses, while oil and copper advanced.

The Stoxx Europe 600 Index climbed 0.5 percent as of 8:11 a.m. in London. The euro fell 0.2 percent against the dollar. Standard & Poor’s 500 Index futures were little changed after losing as much as 0.3 percent. Oil added 0.3 percent and wheat jumped to a four-month high. South Korea’s won dropped 0.3 percent and Australia’s S&P/ASX 200 Index sank 0.9 percent as economic data showed weakening growth across Asia.