U.S. stock-index futures fell, following the biggest weekly gain of the year for the Standard & Poor’s 500 Index.
Freeport-McMoRan Inc. and Royal Gold Inc. fell at least 1.8 percent as commodities slumped to a 1999 low. Allergan Plc rose 5.6 percent in premarket trading. The company could announce a merger deal with Pfizer Inc. as soon as today, giving investors a premium of about 27 percent above Allergan’s stock price before news of the discussions became public.
S&P 500 contracts expiring in December fell 0.2 percent to 2,085.25 at 10:33 a.m. in London. The equity gauge surged 3.3 percent last week as Federal Reserve officials signaled the American economy is strong enough to withstand the first rate increase since 2006. Stocks have gained in seven of the past eight weeks, and are 2 percent away from a May record. Dow Jones Industrial Average futures fell 0.1 percent to 17,777 today.
Source : Bloomberg