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U.S. Stock-Indices Rise – European Policy Makers Determined to Work on Crisis

U.S. stock futures climbed Monday, as investors came to know that European policy makers have set a weekend deadline to reach at comprehensive measures and actions to solve euro zone’s sovereign debt crisis.Following are the initial reactions registered by these indices.  DJIA (Dow Jones Industrial Average) DJ1Z +0.23% climbed 46 points reaching up to 11,612.  S&P (Standard & Poor’s 500) SP1Z +0.34% index rose 5.9 points reaching up to 1,225.10.  Nasdaq 100 futures ND1Z +0.51% gained 13 points by reaching up to 2,380.25.Investors are also awaiting earnings details from Wells Fargo and Citigroup.Apple’s latest iPhone 4S with speech recognition software named Siri, that had designed to talk back is one of the significant catalyst in the market.There is an expectation that a weekend talk of Group of 20 finance ministers in Paris is supposed to be a heaping of pressure on European leaders to reach a comprehensive and definite plan during the meeting on Sunday.According to analysts, markets are fueling growth for equities, and pricing perfectly.  But in case European officers fall short of market expectations, there is a need to transact cautiously.  Analysts are advising to stop rallying in risky assets.We are hoping that policy making official would deliver some effective measures and action plan to solve the crisis, at weekend.  Furthermore, Kinder Morgan Inc. KMI -0.12%, on this Sunday, declared, an acquisition of El Paso Corp.  EP -1.03% both would be involved in biggest U.S. natural gas pipeline network.J.P. Morgan Chase & Co., past Thursday was the very first bank to reveal earnings, registering a 3.5 per cent drop in Q3 profit.  The bank said it happened due to hike in non interest expenditure.  However, the bank has posted and surprised by the increase in revenue.Nymex oil futures climbed 76 cents and by trading reached at 87.56 USD a barrel.  Also, the gold went up 8.50 USD to an ounce and reached at 1,691.50 USD.

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