Friday, April 13, 2007

US STOCKS-Futures rise as core PPI is unchanged

(Reuters) - NEW YORK, April 13 - U.S. stock futures jumped on Friday, pointing to a stronger market open, after government data showed producer prices, excluding food and energy, were unchanged in March from February, calming fears about inflation and higher interest rates.

S&P 500 futures were up 3.7 points, above fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.


Read more at Reuters.com Bonds News

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