European equity futures (SPA) climbed with Asian shares and the Australian dollar after China’s economy grew in line with analyst forecasts and the government opened markets wider to foreign investors. Gold and other precious metals rallied.
Euro Stoxx 50 contracts rose 0.5 percent at 7:02 a.m. in London as the the MSCI Asia Pacific Index excluding Japan Index gained 0.3 percent and the so-called Aussie strengthened 0.7 percent. Gold added 0.3 percent, extending its biggest weekly jump since 2011, as palladium headed for a one-month high. Futures on the Standard & Poor’s 500 Index advanced 0.2 percent after the gauge reached a record on July 12. Natural gas increased 0.7 percent and corn futures sank.
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