Thursday, April 19, 2007

U.S. Stock-Index Futures Drop on China Interest-Rate Concern; Exxon Falls

(Bloomberg) -- Declines in U.S. stock-index futures mirrored losses in Asian and European markets on concern China may raise interest rates to rein in the economy.

Commodity producers Exxon Mobil Corp. and Alcoa Inc. declined as investors speculate higher borrowing costs in China would reduce the nation's demand for oil and metals. Shares of General Electric Co., the second-biggest company by market value, retreated.


Read more at Bloomberg Stocks News

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