Stocks advanced as U.S. equity markets resumed trading for the first time this week after Hurricane Sandy. Most European shares rose as airlines reported better-than-estimate earnings, the euro strengthened and gasoline climbed to a two-week high.

The Standard & Poor’s 500 Index increased 0.5 percent at 9:50 a.m. in New York. The Stoxx Europe 600 Index added less than 0.1 percent, paring gains of as much as 0.5 percent. Air France-KLM Group and Deutsche Lufthansa AG, Europe’s two biggest carriers, rallied more than 6 percent. The euro appreciated against 13 of its 16 major peers, while Norway’s krone rallied after the central bank said it won’t buy foreign currency for the oil fund in November. The yield on 10-year Treasuries was little changed 1.72 percent. Gasoline jumped 4.5 percent.

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