S&P 500 Futures Pare Gain With European Stocks on Draghi Outlook
U.S. stock futures and European shares trimmed gains, while a rebound in the euro faded, as European Central Bank President Mario Draghi said the region’s economic outlook has become more uncertain.
Futures on the Standard & Poor’s 500 Index expiring in June were little changed at 1,398 after rallying as much as 0.4 percent earlier after U.S. jobless claims decreased more than forecast. The Stoxx Europe 600 Index was up 0.3 percent after rallying as much as 1 percent on earnings. The euro, which had recovered from a 0.5 percent slide, was down less than 0.1 percent at $1.3150.
To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net
May 3 (Bloomberg) -- European Central Bank President Mario Draghi speaks at a news conference in Barcelona about the decision to keep the benchmark interest rate at a record low of 1 percent. (This is Draghi's statement only. Source: European Central Bank)
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