European stocks higher after 3 weeks low, Stoxx Europe 600 adds 0.3pc

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ROME: European stocks bounced back after declining to their lowest level in almost three weeks.
The Stoxx Europe 600 Index added 0.3 per cent to 332.68 at 8.04am in London. Stocks erased gains in the final hour of trading yesterday as banks slid, after having risen as much as 0.6 per cent amid a recovery in energy shares.
Data today will show consumer prices in the euro area fell for the first time in more than five years last month, according to economist forecasts. That could push the European Central Bank closer to full-scale quantitative easing as it fights to revive inflation.
A separate report on euro-zone unemployment will show the jobless rate was unchanged at 11.5 per cent in November, according to economist predictions.
The Stoxx 600 has fallen 5.2 per cent from an almost seven-year high last month, amid a slump in oil-and-gas companies and growing concern over Greece as Prime Minister Antonis Samaras said this month’s election could lead to the nation exiting the euro area.
US equity-index futures climbed 0.4 per cent today, signaling gains after five days of losses, before the release of minutes from December’s Federal Reserve policy meeting. The MSCI Asia Pacific Index was little changed.
EasyJet Plc climbed 1 per cent. Europe’s second-biggest discount carrier reported a 3.2 per cent increase in December passengers.
J Sainsbury Plc rose 3 per cent. The UK’s third-largest supermarket chain said revenue at stores open at least a year fell 1.7 per cent, excluding gasoline, in the 14 weeks ended January 3. Analysts had forecast a 3.2 per cent drop.
Persimmon Plc added 0.9 per cent. The UK’s largest homebuilder by market value said sales rose 17 per cent during 2014 and its average home price climbed.
Energy companies in Europe posted the worst performance of the 19 industry groups on the Stoxx 600 as oil fell for a fifth day amid speculation data on US supplies today will fuel concern over a global glut.