European stocks fluctuated

European stocks fluctuated, with the Stoxx Europe 600 index supplement about three weeks of losses, before a report may show the labor market in the U.S. economy has begun to improve. U.S. equity futures have changed little and Asian stocks gained.

Berkeley Group Holdings Plc jumped 3.9 percent after the second largest homebuilder in the United Kingdom by market value said its first-half profit rose 21 percent more homes were sold. STMicroelectronics NV rose 4.5 percent after Exane BNP Paribas recommends buying shares of the largest semiconductor manufacturer in Europe.

The Stoxx 600 rose 0.1 percent to 271.88 as of 10:47 am in London. The indicator most complete two-day rally since July yesterday as the European Central Bank increased its emergency loan programs to purchase bonds and housing data added to the confidence the U.S. economy continue to recover. The meter is running at 0.6 percent of its 2010 high reached on 9 November when he was heading for a weekly gain of 2 percent, comparing the last three weeks of losses.

"Operators tend to be within the current framework, as eagerly awaited key jobs and unemployment data from the U.S.," said Jonathan Shroud, a trader at London Capital Group Holdings Plc. "The biggest obstacle might be the unemployment rate, which is expected to remain at 9.6 percent for the fourth month. Traders wondered how much a consumer-led recovery may be no real job creation."

Futures contracts on 500 of Standard & Poor's, which expires this month have changed little, rising from less than 0.1 percent. The MSCI Asia Pacific Index rose 0.6 percent.

U.S. Unemployment

A Labor Department report due at 8:30 am in Washington can show employers added 150,000 workers in November and the unemployment rate remained at 9.6 percent. A report yesterday said fewer Americans filed claims for unemployment insurance payments in November, showing the labor market has begun to improve.

Greece had its sovereign rating to "BB" long-term credit put on "CreditWatch" with negative implications by Standard & Poor's. S & P assess whether "the allocation of state" preferred creditor "on official loans future through a proposed European stability mechanism" could be detrimental "to the bondholders who want to be paid. The ESM call may govern the European Union's sovereign bonds in July 2013.

German economic growth

The Central Bank raised its forecast for German economic growth this year, the projection of the fastest expansion since the data for the reunified country began in 1992. The gross domestic product will expand 3.6 percent in 2010, up 2 percent in 2011 and 1.5 percent in 2012, the central bank based in Frankfurt, said in economic terms twice year.

The European Central Bank to buy Irish government bonds today, according to three traders with knowledge of the transactions. The ECB also purchased Portuguese debt, said two people, who declined to be identified because the deals are confidential. An ECB spokesman declined to comment Frankfurt.

Berkeley rose 3.9 percent to 873 pence after the builder said net income rose to 44.5 million pounds ($ 69,700,000) in its first fiscal quarter from 36.9 million pounds last year. Berkeley benefited from increased demand for housing in southeast England, which began in April 2009 due to its focus on the area. Berkeley sold 1,249 homes in the first half compared with 914 the previous year.

Rival Taylor Wimpey Plc and Persimmon Plc rose 4.4 percent to 26.49 pence and 3.8 percent to 386.4 pence, respectively.

STMicroelectronics rose 4.5 percent to 7.28 euros after Exane raised its rating on the shares to "overweight" from "neutral" and raised its price estimate 53 percent.

Arkema, Deutz

Arkema SA, the French manufacturer of acrylic, rose 4.8 percent to € 52.89 after JPMorgan Chase & Co. and Morgan Stanley raised their estimates of share price, citing the improved outlook for 2011. JP Morgan analysts, including Martin Evans and Neil Tyler raised his price of 12 months provided an 8 percent to 54 euros. Morgan Stanley raised its estimate of 13 percent to 62 euros.

Deutz AG fell 6.9 percent to 5.48 euros. the largest shareholder in the same holding company Deutz-Fahr and Finance is the sale of 12,090,000 shares, or 10 percent of existing shares, according to the terms of the offer obtained by us. UBS AG is one of the banks managing the offer.

GN Store Nord A / S fell 4.2 percent to 47.90 crowns, among the biggest decline in the Stoxx 600, after Telekomunikacja Polska SA filed a complaint for arbitration.