U.S. stock market futures pared much of their earlier gains inspired by a likely victory for the pro-austerity New Democracy party. Futures for the Dow Jones Industrial Average DJU2 +0.23% pared an earlier 38-point gain to a drop of 15 points to 12,695. Also pulling back, futures for the Standard & Poor’s 500 index SPU2 -0.32% rose 1 points to 1,336.30 and those for the Nasdaq Composite index NDU2 -0.24% rose 1.75 points to 2,565.75.
European stock markets also pared much of an opening rally, with the Spanish IBEX 35 index (XX:IBEX) -1.81% turned negative down 0.3% to 6,701.90, as yields for the 10-year government bond [es: 10yr_esp] in Spain came under pressure. Greek shares held on to a rally, with the Athens General Index (GR:GD) +4.91% advancing 5.2% to 589.55.
This news has been reported by Market Watch.
