Futures on U.S. equities rise on takeover activity

Source: Bloomberg
© scanpix/AFP
Futures on U.S. stocks gained, rebounding the S&P's index from its lowest level in this year's June on a rally in takeover activity. Prior to that, the U.S. equities tumbled the most in five months after President's re-election. Contracts on The S&P 500 maturing December added 0.3% to 1,380.4. Meanwhile, futures on Dow Jones Industrial Average due the same month climbed 0.2%, or 26 basis points, to 12,790. Jefferies Group Inc. advanced 22%, after Leucadia National Corp. said it would acquire it, while Titanium Metals Corp. soared 41%.
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Mon, 12 Nov 2012 15:54:58 GMT

Japanese Machine Tool orders drop on global economic slowdown

Japanese machinery orders tumbled more than forecast in September, one more indicator signaling that the Japan's economy is falling into recession on disagreements with China and declining domestic demand. Current account surplus, one of the main indicators tracking the nation's well-being, also slipped paring with a slump in exports. According to government data on Thursday, core machinery orders also plummeted 4.3% in September, while analysts had

Mon, 12 Nov 2012 16:06:44 GMT

Euro steady versus Dollar ahead of finance ministers meeting

On Monday, the 17-nation currency was traded lower versus the greenback, on upcoming meeting of Eurozone finance ministers to discuss further aid for Greece. EUR/USD hit a session high of 1.2739 and later consolidated at 1.2713, which was a 0.04% gain for the European morning trading session. The support was likely to be at 1.2689, while resistance was prone to

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