6:31 EDT - US stock-index futures are higher, following European gains
that are occurring despite UK data that show just how weak the global
economy is. New orders have sunk anew this month, a top-of-the-hour
report said, showing that the UK recession likely has at least several
more months to it. But both the pound and euro are up strongly against
the dollar amid continued ECB stimulus hopes and what's being
described as a solid Spanish debt auction, with T-bill yields far
below last month's levels. It's more quiet newswise in the US, so
Spain paying "only" 3.3% interest on 18-month debt seemingly will have
to count as a lead market driver today. Dow-industrial futures are up
28 points while the S&P 500 gains 3. (kevin.kingsbury@dowjones.com)
(END) Dow Jones Newswires
August 21, 2012 06:31 ET (10:31 GMT)
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