US STOCKS-Futures rise on hopes of Italy's budget concessions [Reuters]
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Source: Reuters
US STOCKS-Futures rise on hopes of Italy's budget concessions | Reuters 3 Min Read * Futures gain: Dow 0.19 pct, S&P; 0.25 pct, Nasdaq 0.25 pct By Medha Singh Oct 3 (Reuters) - U.S. stock futures rose on Wednesday, buoyed by a rebound in European markets after Italy indicated that it was open to reducing its budget deficits in the coming years. The news pushed both euro and European stocks higher, and follows increased concerns over Italy’s debt problems after the ruling coalition last week tripled the previous government’s budget deficit target. “The indices are pointing to a higher opening as Italy makes some budget-deficit concessions lifting most global markets,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Lennar gained 4.2 percent premarket after the U.S. homebuilder reported a higher-than-expected quarterly profit, benefiting from the acquisition of smaller rival CalAtlantic and a robust housing market. Shares of J.C. Penny rose 6.4 per
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