European Stock Futures Surge on Spain Bailout, China Data

Posted on 6/11/2012 by staffwriter

European stocks surged to a four-
week high after Spain sought as much as 100 billion euros ($126
billion) to save its banking system and Chinese export data
topped forecasts. U.S. index futures and Asian shares gained.

Banco Santander (SAN) SA and Banco Bilbao Vizcaya Argentaria SA,
Spain’s two biggest lenders, jumped in Madrid. Telefonica SA
advanced after it agreed to sell almost half of its stake in
China Unicom (Hong Kong) Ltd. for about 1.13 billion euros to
help reduce debt. BHP Billiton Ltd. (BLT) climbed with copper.

The Stoxx Europe

Article source: http://www.bloomberg.com/news/2012-06-11/european-stock-futures-surge-on-spain-bailout-china-data.html