European shares rose to a maximum of two years

European shares rose to a maximum of two years as reports reassured investors that the global economic recovery is intact. The bags of Asia and America's Future in stock indexes also advanced.

ASML Holding NV advanced 6.1 percent after the company raised its outlook for bookings in the fourth quarter. BG Group Plc rose to the highest in 2 1 / 2 years after that you get about 600 million barrels of oil from Tupi in early trade in Brazil and Guara fields. Volkswagen AG led automakers lower as China said it could end the tax incentives for the purchase of cars next year.

The Stoxx Europe 600 Index advanced 0.2 percent to 275.49 of 11:05 am in London, heading for the highest close since September 2008. The extent of European shares was up 8.6 percent this year, corporate profits and improving the Federal Reserve announced a program of 600 billion U.S. dollars of bonds with an option to purchase to help the U.S. recovery. UU ..

"The actions will be seen as an attractive focal point," said Chris Tinker, the founder of the London Pound Investment Services Ltd., on a Television Countdown with Maryam Nemazee. Improve free cash flow and earnings will be "the key support that will boost the capital market outlook. Let's see a more stable environment" in the coming year.

500 of Standard & Poor's Index, which expires this month rose 0.4 percent. The MSCI Asia Pacific Index rebounded 0.8 percent.

Japan's economy grew faster than the government initially estimated in the third quarter and employers in Australia last month added more than twice the number of workers that economists had forecast. A report today may show the U.S. initial jobless claims decreased.

Finance companies

Financial companies were the performers second best today among groups MSCI Asia Pacific Index's 10 industry. Mitsubishi UFJ Financial Group Inc. rose 3.7 percent to 417 yen. In Sydney, Westpac Banking Corp. gained 2.4 percent to $ 22.29.

The banks reported yesterday the biggest increase in the S & P 500 from 24 industries, bringing to 3.4 percent.

ASML Holding NV rose 6.1 percent to € 27.91 after the company raised its outlook for bookings in the fourth quarter. The chip maker now expects bookings over 2 million euros.

BG Group advanced 2.3 percent to 1317.5 pence, heading for the highest closing level since May 2008. The oil and gas producer, said it expected "very low" costs of the technical unit for the initial phase of developing the fields of Tupi and Guara in the Santos Basin offshore Brazil. The company also said it will receive about 600 million barrels of initial operations.

Havas, Hochtief

Havas SA, which owns the advertising agency Euro RSCG Worldwide, ITV Plc advanced after Nomura Holdings Inc. raised its rating on the shares to "buy" from "neutral." Havas gained 2.5 percent to 3.51 euros. ITV rose 1.2 percent to 73.65 pence.

Hochtief AG rose 2.3 percent to € 64.84. The company's new investor, Qatar Holding LLC potential plans to increase its stake above 9.1 percent, announced the purchase of more shares in the stock market, Financial Times Deutschland reported today, without saying where it obtained the information. Qatar, which initially plans to buy new shares, aims to increase its influence in the German carmaker as the Spanish-language competitor Actividades de Construccion y Servicios SA is attempting a hostile takeover of Hochtief, the newspaper said.

Club Med

Club Méditerranée SA gained 5.3 percent to € 14.49 in the French operator of 80 centers around the world said its loss for the year fell to 14 million euros (18.6 million dollars) 53 million euros a year earlier.

Volkswagen fell 7 percent to € 120.20, while Porsche fell 3.9 percent to € 62.16. An indicator of automobile manufacturers in the Stoxx 600 lost to 2.8 percent, the biggest drop of the 19 industry groups. China may end tax incentives for the purchase of cars next year, Xiong Chuanlin, deputy secretary general of the Association of Automobile Industry of China, said at a news conference today in Beijing.

Standard Chartered Plc, the British bank that receives more than three quarters of revenue from Asia, dropped 3.4 percent to 1,814.5 pence. in the second half of Standard Chartered "income levels" were "broadly flat" over the past six months, the company said in a statement. The net interest margin has fallen "split" this year from 2009 throughout the company said.