European stocks fluctuated with reference gauge heading for a weekly demonstration in the second place

European stocks fluctuated, with reference gauge heading for a weekly demonstration in the second place, as investors speculated that the benefits exceed the sovereign debt crisis. U.S. futures and the index rose, with shares in Asia were little changed.

TomTom NV gained 6.7 percent as UBS AG recommended buying shares of the largest European manufacturer of portable
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devices. MorphoSys AG advanced 6 percent after increasing its sales forecast. Standard Chartered Plc lost 2.3 percent after Bank of America Global Research Merrill Lynch cut its stance on the shares.

The Stoxx Europe 600 index added 0.1 percent to 276.25 as of 10:08 am in London, since the measure went to a weekly increase of 2 percent, its first weekly gain in back-to- back "since October. The index has risen 8.8 percent this year, corporate profits rose, the Federal Reserve announced a program of 600 billion U.S. dollars of bonds with option to help economic recovery U.S. and European Union rescued Greece and Ireland.

"Europe's debt problems are considered excessive," said Jonathan Shroud, a trader at London Capital Group Holdings Plc. "While concerns about the periphery nations still exist, they could not make a dent in the trend of improving economic data from the great nations of Europe, especially Germany."

Futures contracts on the Standard & Poor's 500 due in March next year rose 0.3 percent. The MSCI Asia Pacific Index little changed, declining less than 0.1 percent.

Predictions strategists'

European shares rise 12 percent by the end of 2011 as rising incomes and historically low interest rates to help businesses overcome the sovereign debt crisis, a survey of 13 strategists shows. Goldman Sachs Group Inc., the most optimistic forecaster, said that the Stoxx 600 will join the 20 percent, because the benefits can extend twice as fast as the rate of 14 percent over 26,000 average analyst estimates compiled by us.

Pacific Investment Management Co. raised its forecast for U.S. growth next year in response to the "tremendous amount" of the stimuli that drive the economy, as its executive director, Mohamed El-Erian. The bond fund manager of the largest in the world now sees the economy growing 3 percent to 3.5 percent in the fourth quarter of next year over the same period this year. That compares with its previous estimate of 2 percent to growth of 2.5 percent and 2.2 percent forecast profit for this year by the International Monetary Fund.

TomTom rose 6.7 percent to 7.85 euros UBS upgraded the stock to "buy" from "neutral."

MorphoSys AG advanced 6 percent to € 16.80. The company increased its revenue guidance for 2010 to a range of 91 million euros ($ 120.6 million) to 94 million euro from a previous range of 89 million euros to 90 million additional sales quoting purchase Sloning Biotechnology GmbH. MorphoSys also has signed a long term partnership with Pfizer Inc. for the U.S. pharmaceutical Sloning to use its technology platform.

Standard Chartered fell 2.3 percent to 1,768.5 pence after the bank was reduced to "neutral" from "buy" at Merrill Lynch Bank of America.