Stocks extended the biggest gain in a month

Stocks extended the biggest gain in a month and U.S. index futures rose after the European Central Bank President Jean-Claude Trichet said the bank will delay the withdrawal of stimulus. Spanish bonds and UK gas won, while the U.S. Treasury bonds fell.

The MSCI World Index added 0.6 percent at 8:40 am in New York, after gaining 1.9 percent yesterday. 500 of Standard & Poor's Index advanced 0.3 percent, comparing gains after jobless claims rose more than expected last week. Spain's IBEX 35 rose 1.4 percent while the yield on the country to 10 years fell 18 basis points to 5.16 percent, demand rose at a ticket sales three years. The U.S. Treasury yield to 10 years rose above 3 percent for the first time since July. The euro was little changed, before paring gains. UK natural gas extended the longest rally since October 2009.

Trichet said the ECB will keep the banks providing unlimited loans through the first quarter. Seven days, one month and three months of operations will be linked to the ECB reference rate, which left unchanged at 1 percent today, Trichet told a news conference. Japanese companies increased spending for the first time in three years, the Finance Ministry in Tokyo said today. U.S. Labor Department to say that tomorrow's payrolls expanded by a second month.

"The options for the ECB have been reduced," said Greg Venizelos, credit strategist at BNP Paribas SA in London. "Anyone that appropriate measures announced today and the market continues to trade more strict or fluff their lines and substantially weakens the market again."

Policy-makers meeting in Frankfurt today kept the benchmark interest rate at a record low of 1 percent, matching expectations of 52 economists in अ survey.

Petroplus, I

The Stoxx Europe 600 index gained 0.7 percent after rising as much as 1 percent. Advanced Spanish banks, with Banco Santander SA, gathering 2.9 percent and Banco Bilbao Vizcaya Argentaria SA, the second largest lender in the nation, gaining 2.1 percent. The cost of insuring banks' debt fell, with credit-default swaps on Santander fell 23 basis points to 205, according to CMA. BBVA contracts was 25 less than 212. Credit swaps European bank debt fell the most since July, with the Markit iTraxx Financial index falling 11.5 points to 153, according to JPMorgan Chase & Co.

Asia, emerging markets

The MSCI Asia Pacific Index rebounded 1.4 percent, the most in a month. Canon Inc., a Japanese camera maker, rose 2.5 percent. The MSCI Emerging Markets Index rose 1.4 percent, with capital ratios of reference in the Czech Republic, Indonesia and the Philippines, the advance of at least 1.5 percent. South African rand coins led developing nations, strengthening 0.6 percent against the dollar.

Wimm-Bill-Dann Russia Dairy & Juice Co. jumped 40 percent after PepsiCo Inc. said it will acquire 66 percent of the dairy company for $ 3.8 billion.

The gain in U.S. futures indicated that the S & P 500 may extend yesterday's 2.2 percent jump, the biggest rise since September 1. Applications to start receiving unemployment benefits in the U.S. rose more than expected last week, indicating the labor market will take time to improve. Jobless Claims increased by 26,000 to 436,000 in the week ended Nov. 27, the Labor Department. The median forecast of 47 economists surveyed by us asked 424,000 filings after claims last week fell to its lowest level since July 2008.

The National Association of Realtors index "of pending home resales probably fell 1 percent after declining 1.8 percent the previous month, according to the median forecast of 40 economists surveyed before a report must stand for 10 hours in Washington.

The yield on three-year Spanish bond fell 17 basis points to 3.89 percent. The extra yield investors demand to hold bonds to 10 years of the nation's landmark German bonds fell 11 basis points to 238 basis points. Yields similar values to maturity Greek fell seven basis points to 11.82 percent.

Spanish auction

Spain sold 2.5 million euros (3.3 billion) of bonds maturing in October 2013. The lawsuit was 2.27 times the amount sold, compared with a bid to cover of 2.16 on sale in October.

The euro strengthened 0.2 percent against the yen at 110.21. The Australian dollar weakened against all but two of their more active after a report showed the nation's retail sales fell unexpectedly in October.

Store sales fell 1.1 percent, the biggest drop since July 2009, the Bureau of Statistics said in Sydney. The median forecast in a survey of 23 economists was for an increase of 0.4 percent.

Copper rose to 1.6 percent at the highest level in nearly three weeks, stocks fell the most since September. Gold for immediate delivery added 0.2 percent to $ 1,390.35 an ounce. Standard & Poor's GSCI commodity rose 0.4 percent.

UK gas for delivery today rose 0.8 percent in the first widespread snowfall in Britain since 1993 boosted demand for heating. Earlier it rose to its highest level since February 2009.