5 Things You Should Know Before the Stock Market Opens
By Joseph Woelfel - 06/11/12 - 6:01 AM EDTTheStreet) -- U.S. stock futures were suggesting Wall Street would open higher Monday after Spain reached a deal with eurozone finance ministers to prop up the country's ailing banks with ¿100 billion ($125 billion) of funds. European shares rose, with Spain's stock market leaping 5% in trading Monday. Once audits are completed, Spain said it would specify how much of the ¿100 billion it would need to tap. Asian stocks finished with gains Monday following better-than-expected data that showed China's exports jumped in May from a year earlier. Japan's Nikkei 225 index gained 2% to close at 8,624.90. U.S. stocks ended last week with gains. The Dow Jones Industrial Average added 93 points, or 0.75%, to close at 12,554 on Friday; the blue-chip index finished the week up 3.6%.
The economic calendar in the U.S. on Monday is empty, but some of the more notable reports this week include the Treasury budget on Tuesday, retail sales on Wednesday and the University of Michigan consumer sentiment index on Friday.
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.
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