European Markets Rise on Commodity Gains

“European stocks advanced, with the benchmark Stoxx Europe 600 Index rebounding from a one-month low, as commodities rallied. Asian shares and U.S. index futures increased.

BHP Billiton Ltd. (BHP), the world’s biggest mining company, and Rio Tinto Group, the third largest, both gained 1.7 percent as metal prices rose. Travis Perkins Plc (TPK) climbed 2.8 percent after Jefferies Group Inc. recommended buying the company’s shares.

The Stoxx 600 rose 0.4 percent to 275.74 at 11:53 a.m. in London. The index fell last week after Greek 10-year bond yields climbed to a record and Fitch Ratings cut Greece’s credit rating to B+, four notches below investment grade. The Stoxx 600 yesterday erased its gains for the year afterSpain’s ruling Socialist Party suffered its worst election defeat in 30 years and Standard & Poor’s said it may downgrade Italy’s debt.”

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