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U.S. stock-index futures advanced, indicating the Standard & Poor’s 500 Index will snap a two-day drop, as investors weighed prospects for a budget deal.
Obama and House Speaker John Boehner haven’t reached a deal with two weeks remaining to avert more than $600 billion in automatic spending cuts and tax increases, known as the fiscal cliff, set to start in January. The Congressional Budget Office has said a failure to prevent those changes may lead to a recession in the first half of 2013.
Nikkei 225 9,828.88 +91.32 +0.94%
S&P/ASX 200 4,573.4 -9.71 -0.21%
Shanghai Composite 2,160.34 +9.72 +0.45%
FTSE 100 5,891.55 -30.21 -0.51%
CAC 40 3,629.73 -13.55 -0.37%
DAX 7,587.39 -9.08 -0.12%
Oil $86.90 +0.17 +0.20%
Gold $1,697.50 +0.50 +0.03%
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