U.S. stock-index futures advanced, indicating equities will snap five days of losses, as investors awaited a report on payroll additions in the world’s biggest economy to gauge the outlook for Federal Reserve stimulus.
European stocks rose, ending a five- day losing streak, before a U.S. jobs report that will help investors assess when the Federal Reserve will reduce its monthly bond purchases. U.S. stock-index futures and Asian shares gained.
Total SA, Europe’s third-biggest oil company, agreed to buy a stake in InterOil Corp.’s assets in Papua New Guinea in a deal valued at as much as $3.6 billion as part of a plan to build a liquefied natural gas project.
Paulo Scaroni, chief executive of Italy’s biggest oil company Eni SpA, said he had a “fairly long and warm meeting” with Iran’s petroleum minister to discuss possible future energy projects and money owed to Eni.
Billionaire Anil Agarwal’s Cairn India Ltd. will spend about $1 billion to buy back shares giving him greater control over the company as environment rules derail his mining business, two people familiar with the plan said.