Europe index futures rise as investors watch Greece developments
European stock-index futures climbed, indicating equities may advance, as officials prepared to begin talks on Greece.
Futures on the Euro Stoxx 50 Index expiring in March rose 0.3 percent to 3,585 at 7:28 a.m. in London. European stocks fell for a second day Tuesday as oil-and-gas shares slid, and concern grew the Federal Reserve is nearing an interest-rate increase following stronger-than-expected jobs data.
Investors will be watching Greece. A team from the Mediterranean nation’s international creditors is heading for Athens, as the government prepares to open up its accounts for inspection.
Officials from the European Central Bank, European Commission and International Monetary Fund are due to begin talks in Brussels today, with technical discussions starting in Athens on Thursday, according to two troika officials, who asked not to be named because the schedule hasn’t been announced.
Standard & Poor’s 500 Index futures added 0.3 percent after the gauge wiped out its 2015 advance on Tuesday as the dollar strengthened to its highest level in nearly 12 years versus the euro.
Among stocks that may move on corporate news, Adecco SA may be active after the world’s largest provider of temporary workers posted better-than-expected net income for 2014.
Deutsche Post AG may move. Europe’s largest postal service reported worse-than-forecast quarterly earnings and said operating profit growth this year may be limited to less than 3 percent.
EON SE may be active. Germany’s largest utility posted a record annual loss after writing down the value of its assets. [Bloomberg]
