European Stock Futures Advance After Greek Opinion Polls
European stock futures climbed, indicating the region’s equities will extend last week’s advance, after Greek opinion polls eased concern that the country will leave the euro currency union. U.S. index futures and Asian shares also gained.
Spanish banks may be active as the government prepares to channel 19 billion euros ($24 billion) of state funds into Bankia group. BHP Billiton Ltd. (BHP) may lead mining shares higher as copper rose amid dwindling stockpiles in China.
Futures on the Euro Stoxx 50 Index expiring in June added 1 percent to 2,179 at 7:05 a.m. in London, while FTSE 100 Index futures climbed 0.7 percent. Standard & Poor’s 500 Index futures expiring next month gained 0.9 percent. The U.S. equity market is closed for the Memorial Day holiday. The MSCI Asia Pacific Index increased 0.6 percent.
“European equity markets are set to open higher on improving sentiment in Greece,” said Jonathan Sudaria, a trader at Capital Spreads in London. “Optimism is set to continue today as polls over the weekend suggested that the pro-bailout parties are inching ahead.”
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