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


08/05/2012 12:49 AST

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

Bloomberg
Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
EEC 24.85 583,195
BKMB 0.44 444,710
OTEL 1.5 82,490
GFH 0.51
SABIC 96.75 5,350,083
EMAAR 7.4 18,957,908
SADAFCO 126.75 65,388
Recent News

Asian Infrastructure Investment Bank to fund $301m for Duqm port, rail
Oman will receive finance to the tune of $301 million from Asian Infrastructure Investment Bank (AIIB) for developing two major transport projects in the country – maritime infrastructure at Duqm and

CMA plans to introduce new securities law to safeguard investors
Oman’s stock market watchdog Capital Market Authority (CMA) has released a draft securities law, which is aimed at protecting the larger interest of investors, with a special treatment to retail inve

Qatar Stock Exchange Weekly Market Report
The Qatar Stock Exchange (QSE) index gained 140.2 points, or 1.41%, during the week to close at 10,053.95. Market capitalisation increased by 1.17% to QR540.1bn versus QR533.9bn at the end of the pre

Doha Bank inaugurates representative office in Dhaka
Doha Bank yesterday announced it inaugurated the Bank's Bangladesh representative office in Dhaka. The inauguration ceremony was held in the presence of Qatar's Ambassador to Bangladesh, Ahmed Mohame

Ooredoo named strategic partner of DBS
Ooredoo, in line with its ongoing support for the business sector in Qatar, recently became the Strategic Partner of ‘Doha Business Solutions’ (DBS) and supported its event featuring world-renowned b

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

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?