U.S. stock-index futures advanced, extending gains after a European Central Bank official said it plans to accelerate asset purchases.
E-mini futures on the Standard & Poor’s 500 Index expiring in June added 0.3 percent to 2,131.5 at 10:34 a.m. in London. Contracts on the Dow Jones Industrial Average increased 47 points to 18,306.
European stocks and bonds surged after ECB executive board member Benoit Coeure said the central bank plans to boost bond buying in May and June. The gains in futures signal U.S. stocks will extend all-time highs reached yesterday, helped by merger activity and an advance in Apple Inc. while higher bond yields sent banks rallying.
Data on the American housing market today will help investors seek clues on the economy and the timing of a rate increase. A release at 8:30 a.m. in Washington may show housing starts rose at a 9.6 percent annual pace in April, from 2 percent the previous month. Applications for new-home construction gained 2.1 percent after declining in March, economists forecast.
Minutes from the Federal Reserve’s April meeting will be released tomorrow.
Source : Bloomberg