European stock-index futures decline with equities near a record
By Bloomberg
European stock-index futures declined, after equities rose closer to a record.
Contracts on the Euro Stoxx 50 Index expiring in June lost 0.5 percent to 3,645 at 7:01 a.m. in London. Gains in banks pushed the Stoxx Europe 600 Index higher on Tuesday, with the gauge closing 0.7 percent away from a record reached in 2000. The benchmark measure has rallied 18 percent this year as the European Central Bank started a quantitative-easing program.
U.S. stocks fell on Tuesday as consumer-price data showed signs inflation is picking up. Weak data last week had spurred speculation the Federal Reserve won’t rush to raise rates.
A report at 10 a.m. Frankfurt time will show Germany’s business confidence rose in March for a fifth month, economists forecast.
Telefonica SA may be active after Hutchison Whampoa Ltd. agreed to acquire its O2 unit in the U.K. for 10.25 billion pounds ($15.3 billion).
Hermes International SCA may move after announcing a bonus dividend of 5 euros a share and saying 2014 earnings climbed 7 percent.
Credit Suisse Group AG may move after the bank’s head of group finance told investors that additional asset cuts planned will cost its investment bank $300 million in revenue this year.
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