U.S. Equity Futures Little Changed After Reaching 2007 High
U.S. equity futures were little changed after the Standard & Poor’s 500 Index finished last week at the highest level since 2007. Oil advanced and the euro weakened.
Futures on the Standard & Poor’s 500 Index slipped less than 0.1 percent to 1,458.20 at 7:19 a.m. in Tokyo. The U.S. equity benchmark rallied 1.9 percent last week. Oil increased 0.2 percent to $99.19 a barrel in New York. The euro lost 0.1 percent to $1.3118.
New home construction and sales of previously owned houses probably climbed in August, economists said before reports this week. Housing starts increased to a 765,000 annual rate, the fastest in almost four years, from a 746,000 pace in July, according to the median forecast in a Bloomberg survey.
To contact the reporter on this story: Lynn Thomasson in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Lynn Thomasson at email@example.com