• Before the bell: S&P futures -0.87%, Nasdaq futures -0.79%

Market news

14 May 2012

Before the bell: S&P futures -0.87%, Nasdaq futures -0.79%

 

U.S. stock futures declined as Greece struggled to form a government amid growing speculation the nation may leave the euro region.

Global stocks fell as Greece’s political deadlock went into a second week after President Karolos Papoulias failed to secure agreement on a unity government and avert new elections with the country heading toward a possible exit from the euro area. Greece’s biggest anti-bailout party defied overtures to join the government yesterday, deepening the impasse.

Global Stocks:

Nikkei  8,973.84 +20.53 +0.23%

Hang Seng 19,735.04 -229.59 -1.15%

Shanghai Composite 2,380.73 -14.26 -0.60%

FTSE  5,464.25 -111.27 -2.00%

CAC  3,055.22 -74.55 -2.38%

DAX 6,445.52 -134.41 -2.04%

Crude oil $94.25 (-1.96%)

Gold $1560.70 (-1.47%)

 

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