U.S. Stock Futures Gain as Spain Bonds Fall; Yen Weakens

Posted by Forexsq 1016 days ago (http://www.bloomberg.com)
img U.S. equity-index futures gained and European shares pared losses while the yen weakened and soybeans declined. Spanish and Italian bonds fell as the region’s finance ministers prepared to meet to discuss aid to Cyprus and Greece.

Standard & Poor’s 500 Index futures climbed 0.3 percent at 10:10 a.m. in London. The Stoxx Europe 600 Index dropped 0.1 percent, trimming this year’s gain to 2.7 percent. Novo Nordisk A/S plunged the most in almost four years after failing to win U.S. approval for a new insulin. Italy’s 10-year bond yield rose three basis points to 4.58 percent, approaching a two-month high. The yen weakened against all its major peers, falling 0.8 percent versus the euro. Soybeans declined 1.1 percent.

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