Before the bell: S&P futures +1.3%, Nasdaq futures +1.2%
20.12.2011 14:28:00
U.S. stock futures rose amid expectations the world’s largest economy will avoid a recession as housing starts rose to the highest level in a year.
Stock-futures rose after a report showed that housing starts increased 9.3 percent to a 685,000 annual rate, exceeding the highest estimate of economists and the highest level since April 2010, Commerce Department figures showed today in Washington. Building permits, a proxy for future construction, also climbed to a more than one-year high.
Stock-futures rose after a report showed that housing starts increased 9.3 percent to a 685,000 annual rate, exceeding the highest estimate of economists and the highest level since April 2010, Commerce Department figures showed today in Washington. Building permits, a proxy for future construction, also climbed to a more than one-year high.
World markets:
Nikkei 8,336 +40.36 +0.49%
Hang Seng 18,080 +9.99 +0.06%
Shanghai Composite 2,216 -2.30 -0.10%
FTSE 5,366 +1.24 +0.02%
CAC 3,014 +39.46 +1.33%
DAX 5,745 +74.47 +1.31%
Crude oil: $96.17 (+2,4%).
Gold: $1613,60 (+1,1%).
Nikkei 8,336 +40.36 +0.49%
Hang Seng 18,080 +9.99 +0.06%
Shanghai Composite 2,216 -2.30 -0.10%
FTSE 5,366 +1.24 +0.02%
CAC 3,014 +39.46 +1.33%
DAX 5,745 +74.47 +1.31%
Crude oil: $96.17 (+2,4%).
Gold: $1613,60 (+1,1%).
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