Friday, January 25, 2013

U.S. futures rise on E.Z. optimism; Dow Jones up 0.32% - U.S. stock futures pointed to a higher open on Friday, as signs of progress in tackling the euro zone's debt crisis lifted market sentiment, while investors eyed the release of U.S. housing data later in the day. 

Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.32% rise, S&P 500 futures signaled a 0.36% increase, while the Nasdaq 100 futures indicated a 0.49% gain.

Sentiment improved after the Ifo Institute for Economic Research said that its index of German business confidence improved to 104.2 in January, from 102.4 the previous month, beating expectations for a rise to 103.0. 

Separately, the ECB said that banks will repay EUR137.159 billion in three-year loans next week, opting to hand back the money early, signalling that a least parts of the financial system are returning to health. 

Retailers were expected to be active, after household products giant Procter & Gamble reported quarterly earnings and revenue that beat analysts' expectations, sending shares up 1.63% in pre-market trade.;-dow-jones-up-0.32-243455

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