London Stock Exchange

(Bloomberg) European stocks fell for a second day as companies from Swatch Group AG (UHR) to UBS AG (UBSN) declined after reporting earnings. Asian shares advanced while U.S. index futures fluctuated.

The Stoxx Europe 600 Index slipped 0.2 percent to 263.68 at 8:24 a.m. in London, having earlier risen 0.1 percent. The gauge has advanced 8.1 percent this year amid optimism that the euro area will contain its sovereign-debt crisis and better-than- forecast U.S. economic data. The MSCI Asia Pacific Index climbed 0.2 percent today and Standard & Poor’s 500 Index futures increased less than 0.1 percent.

Greek Prime Minister Lucas Papademos plans to discuss the implementation of additional fiscal measures needed to secure a second European Union-led bailout with Greece’s political leaders today, according to Bloomberg report.

While Papademos and the party chiefs already agreed to make further cuts this year equal to 1.5 percent of gross domestic product, they have yet to close gaps over measures demanded by creditors. European leaders raised pressure on meeting the conditions of the 130 billion-euro ($171 billion) rescue, with German Chancellor Angela Merkel saying yesterday that “time is running out.”