Europe Stock Futures Gain After New S&P 500 Record: Markets Wrap
Written by Black Hot Fire Network on February 12, 2024
(Bloomberg) -- European equity futures edged up after the S&P 500 closed at a new record high Friday amid optimism over eventual Federal Reserve interest-rate cuts. Trading levels in Asia were muted with a swath of markets shut for Lunar New Year holidays.
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Contracts for the Euro Stoxx 50 index show the benchmark is poised to extend its advance after finishing Friday with a third weekly gain. The S&P 500 closed above 5,000 for the first time driven by a renewed rally in big tech companies . . .
