Stock futures advance after German court ruling

NEW YORK (Reuters) - Stock futures climbed on Wednesday after a German Constitutional Court permitted the ratification of the euro zone's new bailout fund as the region continues to battle its debt crisis.

The court allowed Germany to ratify the new rescue fund and budget, but also gave parliament veto powers over any future increases in the size of the fund.

European stocks rose to their highest level in 14 months and yields on Spanish and Italian debt fell after the decision. The FTSEurofirst 300 index of top European shares gained 0.3 percent.