European stocks rose as earnings at companies from Société Générale to Marks & Spencer Group topped analysts' estimates and metals gained. Asian shares and US index futures also advanced.
Société Générale, France's second-biggest bank by market value, increased 3.2 per cent after third-quarter earnings doubled as its investment-banking unit returned to profit. Marks & Spencer, the UK's largest clothing retailer, climbed 4.3 per cent as net income topped estimates.
Rio Tinto Group added 1.5 per cent in London as copper rallied.
Europe's Dow Jones Stoxx 600 Index rose 0.8 per cent to 236.76 as of 8.15am in London, rebounding from a one-month low. The regional gauge has slipped 5.1 per cent from this year's high on October 19 amid speculation an eight-month rebound has outpaced the prospects for earnings and economic growth.
The measure is still up 50 per cent since March.
Elsewhere, the MSCI Asia Pacific Index rose 0.9 per cent as Korea Exchange Bank and Westpac Banking Corp posted better-than- estimated earnings.
In the United States, the Federal Reserve may today indicate its $1 trillion injection into the economy is helping to revive growth without requiring an increase in interest rates from near zero, economists said.
The Federal Open Market Committee will release its monetary policy statement today in Washington.
Bloomberg