Before the bell: S&P futures -0.6%, Nasdaq futures -0.4%
07.11.2011 14:27:00
U.S. stock futures fell after Italy’s borrowing costs soared as investors weighed prospects for political change in Europe’s most-indebted countries.
Italian 10-year borrowing costs surged to a euro-era record as the focus shifted from Greece after Prime Minister George Papandreou agreed to step down to create a new unity government. Investors are betting Prime Minister Silvio Berlusconi may be forced to resign if he fails to win majority support in tomorrow’s vote on the 2010 budget report.
Italian 10-year borrowing costs surged to a euro-era record as the focus shifted from Greece after Prime Minister George Papandreou agreed to step down to create a new unity government. Investors are betting Prime Minister Silvio Berlusconi may be forced to resign if he fails to win majority support in tomorrow’s vote on the 2010 budget report.
World markets: Nikkei -0.39%, Hang Seng -0.83%, Shanghai Composite -0.73%, FTSE -0.63%, CAC -0.51%, DAX -0.50%.
Crude oil: $94.39 per barrel (+0,1%).
Gold: $1776,80 (+1,2%).
Company news:
Shares of Home Depot (HD) rose 0,71% premarket as RBC Capital Markets upgraded it to Outperform from Sector Perform.
Shares of Home Depot (HD) rose 0,71% premarket as RBC Capital Markets upgraded it to Outperform from Sector Perform.
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