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US Stock Futures Gain on Report of IMF Loan to Italy

Sunday, 27 Nov 2011 06:49 PM

U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will end a seven-day losing streak, amid optimism the International Monetary Fund may help Italy after the nation’s borrowing costs surged.

S&P 500 futures expiring in December climbed 1.5 percent to 1,171.20 at 8:04 a.m. Tokyo time. The index has lost 7.9 percent since Nov. 15, including the worst Thanksgiving week decline since 1932.

The IMF is preparing a 600 billion euro ($794 billion) loan for Italy in case the country’s debt crisis worsens, La Stampa reported, without saying where it got the information.

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U.S. stock futures rose, indicating the Standard Poor s 500 Index will end a seven-day losing streak, amid optimism the International Monetary Fund may help Italy after the nation s borrowing costs surged.S P 500 futures expiring in December climbed 1.5 percent to...
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2011-49-27
Sunday, 27 Nov 2011 06:49 PM
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