2013.07.2304:55:35UTC+00Europe stocks copying Asian advances, KPN march forward

European stock markets jumped on Tuesday, mirroring a positive session in Asia overnight after officials indicated that China is committed to supporting development in the country. The Stoxx Europe 600 index bolstered 0.4% to 301.55, setting it on track for a fifth straight day of gains. Royal KPN NV recorded a 6.4% increase after the telecom said it will merchandise its German mobile E-Plus business to Spanish telecom group Telefonica SA. Shares of Telefonica improved 2.8%. Among country-specific indexes, the U.K.'s FTSE 100 index uptrend 0.4% to 6,647.89, while France's CAC 40 index boosted 0.3% to 3,951.19. Germany's DAX 30 index traded 0.3% greater to 8,357.67.