ept. 10 (Bloomberg) -- European and U.S. stock-index futures gained and Asian shares climbed after Texas Instruments Inc. raised its forecasts and China Yurun Food Group Ltd. reported higher earnings. STMicroelectronics NV and Infineon Technologies AG, Europe’s largest semiconductor makers, may advance after Texas Instruments, the second-biggest U.S. chipmaker, boosted its third-quarter sales and profit estimates on improving demand for chips used in some industrial applications, computers and consumer electronics. China Yurun, the country’s biggest hog processor, jumped 5.6 percent as profit rose 37 percent. Futures on the Dow Jones Euro Stoxx 50 Index, a benchmark index for the euro region, added 0.4 percent to 2,830 at 7:22 a.m. in London. The U.K.’s FTSE 100 Index may increase 13, according to BGC Partners. Europe’s Stoxx 600 rose for a fifth day yesterday, the longest stretch of gains since July, as gains by carmakers overshadowed speculation that a six-month rally has outpaced prospects for earnings. The regional gauge, which has surged 52 percent since March 9, is valued at 44.8 times profit, near the highest level since 2003, weekly Bloomberg data show. “The market is fair value,” said Koen Jonckheere at KBC Asset Management in Brussels, whose KBC European equity fund is up 50 percent since March 9. “You can get high quality stocks at fair value. If you buy stocks you should be in for the long term.” One-Year High The MSCI Asia Pacific Index rallied 1.5 percent today to a one-year high as Li & Fung Ltd., the biggest supplier of clothes and toys to Wal-Mart Stores Inc. and Target Corp., said it is seeing “pretty strong” re-orders from retailers. Futures on the Standard & Poor’s 500 Index advanced 0.5 percent, indicating the benchmark gauge for U.S. stocks may rise for a fifth straight day. STMicroelectronics and Infineon Technologies may gain in Europe, while Elpida Memory Inc., Japan’s largest computer memory maker, added 3.4 percent to 1,319 yen in Tokyo. Texas Instruments said yesterday that third-quarter profit will be 37 cents to 41 cents a share on sales of $2.73 billion to $2.87 billion. Analysts had projected profit of 35 cents a share and revenue of $2.68 billion on average, according to a Bloomberg survey. Demand is beginning to recover for so-called analog chips - - semiconductors used in devices such as electronic utility meters, computer disk drives and consumer electronics. China and India led the rebound, Texas Instruments said. ASML Holding NV, Europe’s largest maker of semiconductor equipment, may gain after increasing its third-quarter sales forecast. ‘Creep Up’ China Yurun added 5.6 percent to HK$14.80 after its first- half profit rose 37 percent to HK$841 million ($108.5 million). Li & Fung gained 5 percent to HK$30.20. Bruce Rockowitz, the company’s president, told Bloomberg Television today that spending by consumers has started to “creep up.” Areva SA, the world’s biggest builder of nuclear reactors, may be active. France’s strategic investment fund could take a stake in Areva’s transmission and distribution unit, the fund’s chief executive officer Gilles Michel told Les Echos in an interview. Eramet SA and STMicroelectronics are also possible investments, Michel told the newspaper. Bank of England policy makers will probably keep pursuing their 175 billion-pound ($290 billion) emergency stimulus program today as the British economy shows signs of lagging behind the global recovery. The central bank, led by Governor Mervyn King, will reiterate the size of its plan to buy bonds with newly created money, according to all 35 economists in a Bloomberg News survey. Policy makers will also keep the benchmark interest rate at a record low of 0.5 percent, all 60 economists in a separate survey said.

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