Posted On: 12/10/2012 7:52:51 AM
Post# of 102964
Stock futures edge lower; eye Italy turmoil
FRANKFURT (MarketWatch) — U.S. stock index futures drifted lower on a data-free Monday, with political turmoil in Italy putting Europe’s debt crisis back on the radar screen as investors also continued to monitor negotiations in Washington aimed at averting the so-called fiscal cliff.
S&P 500 Index futures (GLC:SPZ2) dropped 2.7 points, or 0.2%, to 1,413.30, while futures on the Dow Jones Industrial Average (CBOT
JZ2) declined 21 points to 13,122.
Nasdaq 100 futures (CME:NDZ2) fell 4.75 points to 2,631.25.
European equities fell after Italian Prime Minister Mario Monti, who has won kudos for efforts to overhaul the country’s labor laws and put its fiscal house in order, said he would step down once parliament approves the 2013 budget.
“The U.S. is more concerned about the fiscal cliff, but with the resignation of Mario Monti that will change,” said Heino Ruland, strategist at Ruland Research in Eppstein, Germany.
http://www.marketwatch.com/story/stock-future...beforebell
FRANKFURT (MarketWatch) — U.S. stock index futures drifted lower on a data-free Monday, with political turmoil in Italy putting Europe’s debt crisis back on the radar screen as investors also continued to monitor negotiations in Washington aimed at averting the so-called fiscal cliff.
S&P 500 Index futures (GLC:SPZ2) dropped 2.7 points, or 0.2%, to 1,413.30, while futures on the Dow Jones Industrial Average (CBOT
JZ2) declined 21 points to 13,122. Nasdaq 100 futures (CME:NDZ2) fell 4.75 points to 2,631.25.
European equities fell after Italian Prime Minister Mario Monti, who has won kudos for efforts to overhaul the country’s labor laws and put its fiscal house in order, said he would step down once parliament approves the 2013 budget.
“The U.S. is more concerned about the fiscal cliff, but with the resignation of Mario Monti that will change,” said Heino Ruland, strategist at Ruland Research in Eppstein, Germany.
http://www.marketwatch.com/story/stock-future...beforebell
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