European stocks climbed amid Italian president election and BOJ stimulus

European stocks advanced, recovering from the biggest drop in five months, after Italy elected new president and the G-20 stopped opposing stimulus policies of the Bank of Japan. Moreover, Asian shares and U.S. index futures accelerated. The Stoxx Europe 600 Index rose 0.8% to 287.57, Italy's FTSE MIB Index gained 2.3%, while Standard & Poor's 500 Index contracts climbed 0.5% and the MSCI Asia Pacific Index rose 0.6% after the Yen fell toward 100 per greenback.