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- Before the bell: S&P futures +1.0%, Nasdaq futures +1.0%
Before the bell: S&P futures +1.0%, Nasdaq futures +1.0%
U.S. stock futures rose after Alcoa’s revenue beat analysts’ estimates and investors speculated China may act to spur growth.
Stocks in Europe and Asia rallied as China’s import growth fell to a two-year low in December, bolstering forecasts for monetary easing.
German Chancellor Angela Merkel and International Monetary Fund Managing Director Christine Lagarde meet in Berlin as pressure grows to complete a Greek debt swap needed to put a rescue plan in place.
Alcoa rallied. Sales rose to $5.99 billion, beating estimates. The company had a loss excluding restructuring costs of 3 cents a share.
Global Stocks:
Nikkei 8,422 +31.91 +0.38%
Hang Seng 19,004 +138.56 +0.73%
Shanghai Composite 2,286 +59.85 +2.69%
FTSE 5,700 +87.32 +1.56%
CAC 3,217 +89.48 +2.86%
DAX 6,179 +162.10 +2.69%
Crude oil: $103.19 (+1,9%).
Gold: $1637.90 (+1,9%).
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