US Stock Futures Take A Breather
US stock futures seemed to take a breather today, after the stocks had a strong rally on Friday on better-than-expected US jobs data. While futures for the S&P 500 SPc1 lost 0.02%, those on the Dow Jones DJc1 moved up 0.07%. Meanwhile, Nasdaq 100 NDc1 futures added 0.08% at 08:37 am.
Investors across the world are mulling the comments made by China's central bank governor, Zhou Xiaochuan, who said today that much prudence will be observed when China exits from economic stimulus. These comments eased concerns over immediate tightening of the monetary policy and led to a decline in its one-year dollar-yuan forwards. However, the over-the-counter spot rate have not changed much.
Good news also poured in from Europe, where French President Nicolas Sarkozy said that the country is ready to assist Greece, and German Finance Minister Wolfgang Schaeuble announced a possible European Monetary Fund that helped nudge the euro higher.
While Japan's Nikkei stock average gained 2.1%, Britain's FTSE 100 moved down 0.2%, Germany's DAX index fell 0.1% and France's CAC-40 remained unchanged today.
Read more from Benzinga's Markets.
