European stocks rose to an almost five-year high and metals advanced as policy makers gathered in Brussels for a two-day summit. U.S. Treasuries fell, while a gain in equity-index futures signaled the Dow Jones Industrial Average will extend the longest rally since 1996.
The Stoxx Europe 600 Index climbed 0.5 percent to the highest level since June 2008 at 6:05 a.m. in New York. Futures on the Dow Average and the Standard & Poorâ€™s 500 Index added 0.2 percent. Aluminum, nickel and copper led industrial metals higher. The yield on 10-year Treasury notes rose two basis points to 2.05 percent. Australiaâ€™s dollar strengthened to a one-month high versus its U.S. counterpart after payrolls climbed the most in almost 13 years.