Stocks Advance in Europe, Asia Before Fed as Kiwi Slides

European shares rose with stocks in Asia, where the benchmark regional index hit a six-year high, while Australian bonds followed Treasuries lower before the Federal Reserve meets. New Zealand’s dollar dropped on a reduced milk-price forecast and South Africa’s rand fell.

The Stoxx Europe 600 Index increased 0.2 percent by 8:17 a.m. in London, rebounding from two days of losses. Standard & Poor’s 500 Index futures were little changed after the gauge ended the U.S. day up less than 0.1 percent. The MSCI Asia Pacific Index added 0.3 percent. Yields on 10-year Australian government bonds rose four basis points. Oil fell a second day in New York. The kiwi slumped 0.4 percent versus the dollar, the rand slid 0.5 percent and Russia’s ruble weakened a fourth straight day.