U.S. stock futures held their gains Thursday following the weekly jobless claims report and after China's central bank unexpectedly announced that will cut its interest rates.
In a surprising move, China's central bank
Meanwhile, claims for unemployment benefits
Fed Chairman Ben Bernanke testifies before the Congressional Joint Economic Committee on the economic outlook at 10:00 a.m. ET. His comments are likely to be watched carefully for any hint of further easing movesby the Fed in the wake of last week’s disappointing May employment and ongoing concerns in the euro zone.
On Wednesday, Fed's vice chair Janet Yellen made
Investors also saw some evidence that European policymakers would act to prop up Spain’s banking sector, sending
Spain has not yet requested assistance and has resisted being placed under international supervision, but German and European Union officials are urgently exploring ways to rescue the country's banking sector, sources told Reuters.