Stock futures edge higher on euro optimism

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Posted: Feb 8, 2012 8:53 AM
Source: Associated Press

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Topics: wbrz. baton rouge, wall street, stocks

NEW YORK - U.S. stock futures are advancing on hope that a long-awaited deal to allow Greece to claim its second bailout is near despite another delay in discussions between the country's political leaders.

Dow futures are up 17 points at 12,848. The broader Standard & Poor's 500 futures are up less than a point to 1,345. The Nasdaq composite rose 3 points to 2,532.

Though a host of deadlines have passed without agreement, the prevailing view in the markets is that a deal for Greece to get its hands on €130 billion ($170 billion) will be secured.

That optimism helped European and Asian markets rise. Asian stocks also got a boost from a decline in the yen, which is good for Japanese exporters.

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