Visa Inc. rose 3.7 percent after reporting fourth-quarter profit that beat analysts’ estimates. Macy’s Inc. climbed 6.4 percent after raising its sales forecast. Pfizer Inc. retreated 1.3 percent as the world’s largest drugmaker narrowed its forecast for 2012.
Better-than-estimated results from British Sky Broadcasting Group Plc and Lloyds Banking Group Plc supported European stocks. Six shares advanced for every one that declined in the Stoxx 600.
Oil extended gains after the U.S. Energy Department said supplies declined last week, falling 2.05 million barrels to 373.1 million. Crude in New York increased to $87.09 a barrel.
Copper rose for a third day in New York after Chinese manufacturing returned to growth, supporting the demand outlook in the world’s leading consumer of the metal.
The yen depreciated 0.5 percent to 80.18 per dollar. The Dollar Index, which IntercontinentalExchange Inc. uses to track the greenback against the currencies of six U.S. trading partners, climbed 0.2 percent to 80.06.
Treasuries fell, snapping a three-day gain. U.S. government debt declined for a third month in October, the longest slide since the last quarter of 2010, according to Bank of America Merrill Lynch indexes.
Treasury trading volume rebounded yesterday. ICAP Plc, the largest inter-dealer broker of U.S. government debt, said trading totaled $250 after falling to a 10-month low of $82 billion on Oct. 29. The yearly average is $241.8 billion a day in 2012.
The MSCI Emerging Markets Index advanced 0.5 percent. The Shanghai Composite Index added 1.7 percent, the most since Oct. 9. Brazil’s Bovespa gained 1.2 percent. South Korea’s Kospi index fell 0.7 percent.
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