11th November 2011
US stock futures have improved following the appointment of a new Italian prime minister and an easing of fears over the eurozone, with the Italian government successfully discharging €5 billion of government bonds at lower than expected yields.
These actions have had the result of boosting US stock indices, as Italy was able to sell a large portion of one-year treasury bills for an average yield of 6.08 per cent - well below analyst's predictions of seven per cent.
As a result, US markets reacted favourably, with Dow Jones Industrial Average futures up by 1.26 per cent this morning (November 11th), while the S&P 500 futures signalled a 1.27 per cent increase and the Nasdaq 100 futures witnessed a 1.11 per cent gain.
This latest development follows diminishing data revealed earlier this week for the FTSE 100, with issues in the eurozone weighing heavily on investor confidence and poor company results pushing down the index by 0.3 per cent on Wednesday.
Posted By Andrew Johnston
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