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
SAGRINSURANCE 27.72 1,081,168
ALMARAI 68.92 135,238
SABIC 67.39 9,360,080
JULPHAR 2.5
TAWUNIYA 75.3 244,274
APBS 0.65 2,800
EEC 23.85 1,066,858
Recent News

Middle East markets favourite destination for Brazilian exports
Brazilian exports to Middle East countries registered significant growth in 2015, latest data shows.
According to figures released by Arab-Brazilian Chamber of Commerce, the South American natio

Emirates NBD release Saudi Arabia PMI: February 2016
In fact, business conditions improved at the weakest pace in the survey’s six-and-a-half year history, with a muted rise in new work the key factor behind the slowdown. Total new business was restric

Riyada hosts second edition of programme to develop SMEs
Dwindling demand is seen as a major threat facing small and medium enterprises in Oman now. The fall in demand is due to the crash in global oil prices, explained by William R Crew, the founder of In

Saudi Arabia’s non-oil growth slows to record
A measure of growth in Saudi Arabia’s non-oil economy fell to a record low as cheap crude weighs on the world’s largest oil exporter.

The Emirates NBD Purchasing Managers’ Index for Saudi

Oman Qatar Insurance plans initial public offering by 2017-end
Oman Qatar Insurance Company, a subsidiary of Qatar Insurance Group, plans to float an initial public offering (IPO) on the Muscat Securities Market (MSM) by the end of 2017, said a top-level officia

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?