Bourse

Home page

Bourse

US and European stock markets open higher

30 June 2009 08:28 (UTC +04:00)

Baku - APA-Economics. Investors are looking to start a holiday-shortened week on a positive note, AP reported.
U.S. stock futures are slightly higher in early trading Monday, amid mixed moves in overseas markets. Stocks in Asia were lower, while European markets advanced.
Investors were pleased by data showing that European business and consumer confidence rose for a third straight month. Still, the European Commission took a cautious stance, saying the economic rebound in Europe is relatively subdued.
Though the Dow Jones industrial average is still up 28.9 percent from a 12-year low on March 9, it has fallen 4.1 percent from a five-month high on June 12.
Ahead of the market’s open, Dow Jones industrial average futures gained 22, or 0.3 percent, to 8,395. Standard & Poor’s 500 index futures rose 2.80, or 0.3 percent, to 916.70, and Nasdaq 100 index futures added 3.75, or 0.3 percent, to 1,480.50.
Last week, the major indexes finished mixed. The Dow Jones industrial average fell 1.2 percent; the Standard & Poor’s 500 index slipped 0.3 percent; and the Nasdaq composite index rose 0.6 percent.
Bond prices were slightly higher early Monday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.47 percent from 3.53 percent late Friday.
The dollar was mixed against other major currencies. Gold prices fell.
Light, sweet crude for August delivery rose 95 cents to $70.11 in electronic trading on the New York Mercantile Exchange.
Overseas, Japan’s Nikkei stock average fell 1.0 percent. In afternoon trading, Britain’s FTSE 100 rose 0.7 percent, Germany’s DAX index rose 1.3 percent, and France’s CAC-40 was up 1.5 percent.