Stocks in Europe, Asia, U.S. Futures Rise; Banks, SAP Advance

Stocks rose around the world and U.S. index futures gained as President Barack Obama’s administration prepared a plan to absorb toxic bank assets and earnings from SAP AG and Yahoo! Inc. exceeded analysts’ estimates.

Deutsche Bank AG, Barclays Plc and Citigroup Inc. rallied at least 15 percent. Mitsubishi UFJ Financial Group Inc., Japan’s biggest bank, advanced 1.2 percent in Tokyo. SAP jumped 6.1 percent after the company said software and related service revenue increased. Yahoo climbed 4.6 percent in German trading.