Before the bell: S&P futures +0.1%, Nasdaq futures +0.2%
17.11.2011, 14:06

Before the bell: S&P futures +0.1%, Nasdaq futures +0.2%

U.S. stock futures were little changed after initial jobless claims fell and housing starts topped forecasts, offsetting concern about Europe’s debt crisis.
Equity futures erased losses as data showed fewer Americans than forecast filed first-time claims for unemployment insurance payments last week, an indication the labor market may be gaining traction. Builders broke ground on more homes than forecast in October and construction permits climbed to the highest level since March 2010, signs that housing may become less of a laggard in the third year of the U.S. recovery.
Futures slumped earlier as the cost of insuring against default on Spanish and French sovereign debt rose to records after the nations’ borrowing costs increased at bond auctions today. German Chancellor Angela Merkel said that neither joint euro-area bonds nor using the European Central Bank as a lender of last resort offer solutions to the debt crisis at present.
 

World markets: Nikkei  +0.19%, Hang Seng -0.76%, Shanghai Composite -0.16%, FTSE  -1.53%, CAC  -1.03%, DAX -0.82%.

Crude oil: $101.20 (-1,3%).

Gold: $1747,50 (-1,5%).

Сompany news:
Boeing (BA) signs a record-busting $21.7B deal to sell 230 737 jets to Indonesia's Lion Air, with the order including a $14B option for another 150 planes. It was only last weekend that Boeing set its previous record with an $18B booking from Emirates. Shares of BA rose 0.99% premarket to $67.00.


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