Economics
Euro Strengthens, S&P 500 Futures Gain on Europe, U.S. Outlook
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The euro and Standard & Poor’s 500 Index futures rose, while commodities climbed a fourth day after German and French leaders pledged to devise a plan to stem the debt crisis in three weeks and as the U.S. showed signs of sustaining its economic recovery. European stocks erased gains.
Europe’s 17-nation currency advanced 0.8 percent against the dollar and strengthened 0.7 percent versus the yen at 8:24 a.m. in London. S&P 500 futures added 0.9 percent, while the Stoxx Europe 600 Index swung between gains and losses, following a three-day, 6.7 percent jump. S&P’s GSCI Index of raw materials increased 0.5 percent, paced by wheat, silver and oil.