Thu, 03 Jan 2013 13:02:54 GMT
European Stocks climb on Swiss rally amid U.S. budget deal
European stocks advanced, surpassing a 22-month high, after Swiss shares surged consequent to a U.S. budget deal which stopped tax increases and automatic spending cuts from coming into practice. U.S. index futures dropped, while Asian shares apart from Japan increased. The Stoxx Europe 600 Index rose 0.4% to 286.32, while the Swiss Market Index spiked 2.2%.