U.S. Index Futures Little Changed After S&P 500 Hits 2016 High

U.S. stock-index futures were little changed after a rally Friday sent the Standard & Poor’s 500 Index to its highest close this year.

S&P 500 contracts expiring in June rose less than 0.1 percent to 2,010.75 at 8:22 a.m. in London. The index jumped on Friday as investors positively reassessed European Central Bank stimulus measures. Dow Jones Industrial Average futures increased 18 points, or 0.1 percent, to 17,109, today.

The S&P 500 has rebounded more than 10 percent since a Feb. 11 low and trimmed its 2016 drop to less than 1.1 percent, after losses of as much as 11 percent amid concern over China’s economic slowdown and a deepening oil rout.

The Federal Reserve’s two-day meeting this week will be in focus as investors seek indications of the trajectory of interest rates.

While traders are pricing in little chance of an increase on March 16, they have boosted the odds for later in the year. The probability of a June move is now about 50 percent, from less than 2 percent a month ago, bolstered by improving economic data, stabilizing oil prices and the comeback in equities.

Source: Bloomberg


S&P 500 Futures Climb With Banks After ECB Triggered Wild Swings

U.S. index futures rose in an indication stocks will trim their first weekly drop in four, mirroring a global equity rally as investors reassessed stimulus measures in Europe.

Banks and technology shares, which have led the recent rebound in equities, climbed in premarket trading. Morgan Stanley and Goldman Sachs Group Inc. added at least 1.5 percent, while Netflix Inc. and Amazon.com Inc. advanced 1 percent or more.

Standard & Poor’s 500 Index contracts expiring in June rose 1.1 percent to 2,010.25 at 11:03 a.m. in London. The benchmark fell as much as 1 percent yesterday after measures announced by the European Central Bank and comments by its President Mario Draghi, before closing little changed. Dow Jones Industrial Average futures gained 1 percent to 17,062 today.

Source : Bloomberg