• Before the bell: S&P futures +0.6%, Nasdaq futures +0.6%

Market news

13 February 2012

Before the bell: S&P futures +0.6%, Nasdaq futures +0.6%

U.S. stock futures rose as Greece approved austerity plans to secure rescue funds.

Global stocks gained today as Germany and the European Commission welcomed Greek approval of the austerity steps demanded for a financial lifeline, suggesting euro finance chiefs will pull Greece back from the brink when they meet in two days. Euro-area finance ministers will convene in Brussels on Feb. 15 for the second extraordinary meeting on Greece in a week, after they declined to ratify the 130 billion-euro ($172 billion) package in a special session on Feb. 9.

Global stocks:

Nikkei  8,999.18 +52.01 +0.58%

Hang Seng 20,887.4 +103.54 +0.50%

S&P/ASX  4,285.14 +39.81 +0.94%

Shanghai Composite 2,351.85 -0.13 -0.01%

FTSE  5,911.32 +58.93 +1.01%

CAC  3,388.51 +15.37 +0.46%

DAX 6,741.42 +48.46 +0.72%

Crude oil $100.77 (+1,7%).

Gold $1726.50 (+0,1%).

 

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