U.S. Stock Futures Drop as Greek Government Talks Stall

08/05/2012 12:49 AST  Bloomberg

U.S. stock-index futures declined as Greek political leaders struggled to form a government, raising concern the Mediterranean nation may default on its debt as early as next month.

Electronic Arts Inc. (EA), the second-largest U.S. video-game publisher, fell 6.8 percent in German trading after forecasting a loss wider than analysts estimated. Citigroup Inc. (C) the third- biggest U.S. retail bank, slid 0.5 percent in Frankfurt as European lenders slipped.

Futures on the Standard & Poor’s 500 Index (SPX) expiring in June dropped 0.5 percent to 1,359.3 at 10:16 a.m. in London. The benchmark equity gauge yesterday halted three days of declines, helped by a rally in bank shares after Warren Buffett said American lenders are in “fine shape.” Contracts on the Dow Jones Industrial Average lost 58 points, or 0.5 percent, to 12,901 today.

For more on this Click Here

Global News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
EEC 38.5 1,164,798
AMANAINSURANCE 15.81 5,672,412
EMAAR 7.04 15,299,737
SABIC 78.98 4,492,273
ALKHODARI 30.27 1,801,044
SAGRINSURANCE 29.51 2,523,838
Recent News

Euro gains more than 2% against Swiss franc
The euro rose more than 2% against the Swiss franc on Monday, moving back to parity and recovering from lows hit in the wake of a sweeping election victory for the anti-austerity Syriza party in Gree

USD/CAD rises to fresh multi-year highs in early trade
The U.S. dollar rose to fresh multi-year highs against its Canadian counterpart on Monday, trading at a nearly 6-year peak as investors were still cautious following Greek anti-austerity Syriza party

Gold declines as markets shrug off Greek election outcome
Gold prices dipped into the red during the European session as the investors shrug-off a widely expected victory by the Syriza party in the weekend’s Greek election.

The yellow metal curre

Australian dollar weakens on mixed NAB business survey
The Aussie weakened further in Asia on Tuesday on a mixed business confidence and conditions outlook by National Australia Bank.

AUD/USD traded at 0.7906, down 0.24%, while USD/JPY changed

Saudi stock market to open to foreigners by mid-2015: CMA chief
Saudi Arabia is on track to open its stock market to foreign investors by the end of June, the market's chief regulator said on Monday.

A final date will be announced after relevant regul

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend


Which of the following do you think is the best long-term investment?