U.S. Stock Futures Rise As Vote Signals Greece In Euro

 

 

U.S. stock futures rose, following a two-week gain in equities, as concern over Greece exiting the euro eased after official projections showed that the largest pro-bailout parties won enough seats to form a coalition.

Standard & Poor’s 500 Index futures expiring in September added 0.3 percent to 1,342.10 as of 11:06 a.m. in Tokyo, trimming gains of as much as 0.7 percent. The benchmark measure for U.S. equities advanced 1.3 percent last week. The euro rose 0.4 percent to $1.2687.

“This allows Greece to step back from the brink,” said Peter Sorrentino, who helps oversee $14.7 billion at Huntington Asset Advisors in Cincinnati. “It gives Europe a little breathing room to deal with the Spanish situation. It buys them more time. We’ll get some positive carry through.”

View More 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s