U.S. Stock-Index Futures Rebound as China Cuts its Lenders’ Reserve Ratio
U.S. stock-index futures rose, reversing earlier losses, after China’s central bank said it will cut the reserve requirement ratio for banks by 0.5 percentage points from Dec. 5.
Futures contracts on the Standard & Poor’s 500 Index expiring in December climbed 0.4 percent to 1,201.50 as of 6:08 a.m. in New York, having earlier fallen as much as 1.1 percent.
The People’s Bank of China made a statement on its website today.
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