European stocks advanced, with the regionâ€™s equities rebounding from their biggest slide in two weeks, as companies from Repsol SA to Swiss Re Ltd. posted profit that exceeded analystsâ€™ estimates. U.S. index futures also rose, while Asian shares slumped.
Repsol SA climbed 1.6 percent as quarterly profit jumped because of increased production. Swiss Re gained 3 percent after saying smaller losses from natural disasters helped net income surge in the third quarter. Siemens AG (SIE) rose 2.9 percent after Europeâ€™s largest engineering company announced that it plans to cut costs by 5 billion euros ($6.4 billion).