Europe Pares Losses To Go Green, Hope Runs Strong Over Greek Bond Buying and That the Fiscal Cliff Will Be Resolved

“European stocks climbed for a second day, erasing an earlier drop, as American lawmakers continued to debate plans to address the so-called fiscal cliff. U.S. index futures and Asian shares were little changed.

OC Oerlikon (OERL) Corp. rallied 4.5 percent as the world’s largest maker of textile machinery raised its earnings forecast and sold units. TUI Travel Plc gained 2.7 percent after Europe’s largest tour operator reported earnings that topped analyst estimates. United Internet AG (UTDI)tumbled 7.5 as Warburg Pincus LLC offered its 5.5 percent stake for sale.”

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