Excerpt from: Spread Betting North American Financial Markets
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| March 09, 2007 | | U.S. stock index futures up on economic news | The economic news indicated by today's U.S. jobs data is boosting U.S. stock index futures. Spread betting and contracts for differences on U.S. stocks could prove profitable, as they appear to be supported by good economic news. However, U.S. stocks are unlikely to make dramatic gains, and that in turn will put little pressure on interest rates, and a lack of interest rate hikes is usually good for stocks. Bloomberg reports on U.S. stock index futures:
``It's a good indication that the economy is healthy,'' said
Joseph Keating, who manages about $4 billion as chief investment
officer at First American Asset Management in Birmingham,
Alabama. ``It says earnings will continue to grow, albeit at a
slower pace, and there should be little if any upward pressure on
interest rates and that's positive for stocks.''
Standard & Poor's 500 Index futures expiring in June gained
6.5 to 1423.7 as of 9:22 a.m. in New York. Dow Jones Industrial
Average futures climbed 37 to 12,317. Nasdaq-100 Index futures
added 8.75 to 1783.75. | | |
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