Bloomberg News

S&P 500 Futures Pare Gain With European Stocks on Draghi Outlook

May 03, 2012

U.S. stock futures and European shares trimmed gains, while a rebound in the euro faded, as European Central Bank President Mario Draghi said the region’s economic outlook has become more uncertain.

Futures on the Standard & Poor’s 500 Index expiring in June were little changed at 1,398 after rallying as much as 0.4 percent earlier after U.S. jobless claims decreased more than forecast. The Stoxx Europe 600 Index was up 0.3 percent after rallying as much as 1 percent on earnings. The euro, which had recovered from a 0.5 percent slide, was down less than 0.1 percent at $1.3150.

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net


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