Bloomberg News

European Stock Futures Rise Amid Speculation of Stimulus

June 05, 2012

European stock futures rose, indicating the Stoxx Europe 600 Index will snap four days of losses, amid speculation that policy makers around the world will take steps to stimulate economic growth. U.S. index futures and Asian shares also advanced.

Aryzta AG (ARYN) may be active after it said third-quarter sales increased 15 percent.

Futures on the Euro Stoxx 50 Index expiring this month gained 0.8 percent to 2,092 at 7:06 a.m. in London. The U.K. market is closed today. The Stoxx 600 has declined 14 percent from its 2012 high on March 16 amid growing concern that Greece will be forced to leave the euro currency union. Standard & Poor’s 500 Index futures climbed 0.6 percent, while the MSCI Asia Pacific Index added 1.5 percent.

“Markets will be all ears for any hint of a coordinated response,” Cameron Peacock, a market analyst at IG Markets in Melbourne, wrote in an e-mail. “The term ‘hopeful optimism’ might apply to the market’s perception of today’s emergency meeting between Group of Seven finance ministers. Merely a ‘phone hook-up’, such meetings have nearly always over promised and under delivered, and at this stage there is no reason to believe today’s get together will be any different.”

To contact the reporter on this story: Tom Stoukas in Athens at astoukas@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net


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