European stocks extended their advance, snapping a four-day decline, as the U.S. services industry expanded at a faster pace than estimated and investors speculated that policy makers will stimulate economic growth.

Finance ministers and central bank governors from the Group of Seven economies agreed to coordinate their response to the euro area’s sovereign-debt crisis on a conference call.

G-7 officials said they will work together to help Greece and Spain place their public finances on a sustainable footing, Japan’s Finance Minister, Jun Azumi, told reporters in Tokyo following the call today.

A gauge of euro-area services and manufacturing output contracted in May. A composite index based on a survey of purchasing managers in both industries dropped to 46 from 46.7 in April, London-based Markit Economics said today, compared with an estimate of 45.9 published on June 1.

National benchmark indexes climbed in 13 of the 16 western European markets that opened today. Germany’s DAX fell 0.2 percent, while the Swiss Market Index was little changed. France’s CAC 40 advanced 1.1 percent.

CaixaBank added 2.6 percent to 2.17 euros and Bankinter SA rose 2.3 percent to 2.53 euros. Spain’s Budget Minister, Cristobal Montoro, said that the European Union should provide financial aid to the banks.

Telekom Austria AG surged 4.3 percent to 7.57 euros after News Magazine reported that Carlos Slim, the world’s richest man, has acquired a 4.1 percent stake in the company.

Most U.S. stocks advanced, amid the cheapest valuation in six months for the Standard & Poor’s 500 Index, as an unexpected increase in a measure of service industries bolstered confidence in the world’s largest economy.

Equities reversed early losses today as the Institute for Supply Management’s index of non-manufacturing businesses, which covers about 90 percent of the economy, rose to 53.7 last month from April’s 53.5.

Finance ministers and central bank governors from the world’s leading economies agreed to coordinate their response to Europe’s financial crisis on a conference call that dealt with Spain and Greece. Spain called for outside support for the first time to battle the financial crisis as Budget Minister Cristobal Montoro said European institutions should help shore up the nation’s lenders.

JPMorgan (JPM) climbed 3.2 percent to $32. Hewlett-Packard (HPQ), the world’s largest personal- computer maker, rose 2 percent to $21.49. Homebuilder Lennar jumped 3.7 percent to $24.56, after slumping 13 percent in two days. PulteGroup increased 3.4 percent to $7.96.

SanDisk Corp. surged 5.3 percent, the most in the S&P 500, to $33.34. The company, which makes memory chips used in mobile devices, was rated outperform in new coverage at Pacific Crest Securities.

Starbucks dropped 3.6 percent to $51.97. The purchase of San Francisco-based Bay Bread and its La Boulange brand will decrease full-year profit by 2 cents a share, the Seattle-based company said in a statement yesterday. The French-themed bakery sells homemade granola, flank steak sandwiches and organic bread, according to its website.

Resistance 3:1334 (area of May 29-30 highs)

Resistance 2:1307 (МА (200) for Н1)

Resistance 1:1284 (МА (200) for D1)

Current price: 1281.50

Support 1:1265 (session low, Jun 4 low)

Support 2:1240 (50,0 % FIBO 1070-1420)

Support 3:1200 (area of low of December and 61,8 % FIBO 1070-1420)

U.S. stock futures held steady Tuesday as investors pondered an uncertain global-growth outlook and a teleconference of Group of Seven finance ministers and central bankers.

Global Stocks:

Nikkei  8,382 +86.37 +1.04%

Hang Seng 18,259.03 +73.44 +0.40%

Shanghai Composite 2,311.92 +3.37 +0.15%

CAC 2,982.17 +27.68 +0.94%

DAX 5,943.65 -34.58 -0.58%

Crude oil $84.12 (+0.17%)

Gold $1618.70 (+0.27%)

Asian stocks rose amid speculation global policy makers will join the Reserve Bank of Australia in taking steps to stimulate economic growth and after a four-day drop left the regional gauge at the cheapest level this year.

Nikkei 225 8,382 +86.37 +1.04%

S&P/ASX 200 4,043.7 +58.67 +1.47%

Shanghai Composite 2,313.22 +4.67 +0.20%

Commonwealth Bank of Australia, the nation’s biggest lender by market value, advanced 1.9 percent as the central bank cut interest rates.

Canon Inc., a Japanese camera maker whose shares fell yesterday to the lowest level since April 2009, gained 3.4 percent on a stock buyback plan.

Qantas Airways Ltd. tumbled 19 percent in Sydney to a record low after forecasting full-year profit may plunge as much as 91 percent.

Asian stocks fell, with every major benchmark gauge in the region retreating, as economic data in the U.S. and China stoked concern about global growth. Japan’s Topix Index closed at the lowest level since 1983.

Nikkei 225 8,295.63 -144.62 -1.71%

S&P/ASX 200 3,985 -78.88 -1.94%

Shanghai Composite 2,308.55 -64.89 -2.73%

The Hang Seng China Enterprises Index joined the Topix in falling more than 20 percent from this year’s high, a drop that would see the measure close in a so-called bear market.

Sony Corp., a Japanese exporter of consumer electronics that gets about a fifth of its sales in the U.S., fell to levels not seen since 1980, when the Walkman was introduced in the U.S.

BHP Billiton Ltd., the world’s biggest mining company, and Cnooc Ltd., China’s largest offshore oil producer, lost at least 2 percent as a gauge of commodities fell to an eight-month low.

Change % Change Last

Nikkei 225 8,295.63 -144.62 -1.71%

S&P/ASX 200 3,985 -78.88 -1.94%

Shanghai Composite 2,308.55 -64.89 -2.73%