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U.S. stock futures fell as scrutiny deepens on Europe’s latest measures to contain the region’s sovereign debt crisis.
Stock-futures maintained losses even as a report showed that consumer spending in the U.S. accelerated in September, helping the world’s largest economy skirt a recession. Purchases increased 0.6 percent, matching the median estimate of economists, after a 0.2 percent gain the prior month, Commerce Department figures showed today in Washington. Incomes rose less than projected, sending the savings rate down to the lowest level in almost four years.
Stocks rose yesterday as European leaders agreed to expand a bailout fund and American economic growth accelerated.
World Markets: Nikkei +1.39%, Hang Seng +1.68%, Shanghai Composite +1.55%, FTSE -0.17%, CAC -0.42%, DAX -0.08%.
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