“European (SXXP) stocks advanced, rebounding from their biggest slide in two weeks, as companies from Swiss Re Ltd. to Hermes International (RMS) SCA posted results that exceeded analysts’ estimates. U.S. index futures also rose, while Asian shares slumped.
Swiss Re gained 2.1 percent after saying smaller losses from natural disasters helped net income surge in the third quarter. Hermes climbed 3.3 percent as sales rose because of increased demand in Asia. Siemens AG (SIE) jumped 3.7 percent after Europe’s largest engineering company announced that it plans to cut costs by 5 billion euros ($6.4 billion).”
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