Global Markets Update: European Stocks Flat On Euro Zone Economic Outlook

5:10 AM ET Thu, 23 Feb 2012

US futures pointed to Wall Street opening higher after a down day yesterday. European shares extended gains on Thursday morning after the German IFO institute said its closely-watched business sentiment indicator rose more than expected. Asian shares were mixed on concerns about global growth driven by higher oil prices and data showing the euro zone may slip into recession, fanning fresh worries about Greece's debt restructuring challenges.