Futures Market News
U.S. stock index futures up even as Europe shares drop
Sep 10, 2010 07:19 AM
European shares dropped on Friday morning, led by concern that Deutsche Bank's proposed capital-raising 9 billion euro ($11.4 billion) share sale will lead to further efforts to raise cash by big banks and lenders, Bloomberg reported. But U.S. stock futures rose, as decent jobless figures from Thursday's Department of Labor Report and a projected increase in inventories boosted sentiment.
Dow Jones Industrial Average index futures rose 24 points 10,362 at 8:02 a.m. EST, while S&P 500 index futures gained 3.8 points to 1,101.4. Nasdaq 100 index futures were up 6.5 points to 1,889.75.
Indexes south of the border also performed relatively well, with the Mexican Bolsa index futures gaining 39 points to 32,689 and Brazilian Bovespa index futures climbing 187 points to 67,097.
Asian stock markets were basically flat, with Nikkei 225 index futures unchanged at 9,180 at 7:52 a.m. EST and Hong Kong's Hang Seng index futures down 5 points to 21,199 at 4:15 a.m. EST.
"A lot of bad news has now been priced in, so the question you should ask yourselves is what could go right from here, rather than what could go wrong," Paul Xiradis, the chief executive officer of Ausbil Dexia in Sydney, told Bloomberg News.
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