European stocks pared losses as rising oil and metals prices lifted earnings prospects for commodity producers. U.S. index futures were little changed, while shares in Asia advanced.
Royal Dutch Shell Plc, Europe's biggest oil producer, climbed in London. BHP Billiton Ltd. led mining companies higher as copper, nickel and lead rallied.
Europe's Dow Jones Stoxx 600 Index fell less than 0.1 percent to 316.42 as of 12:03 p.m. in London, after dropping as much as 0.3 percent earlier.
The index, which has lost 1.9 percent this week, has retreated 21 percent from a six-year high a year ago as record oil prices, higher inflation and credit-related losses approaching $400 billion threaten to push the U.S. into recession.
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