NEW YORK (AP) — U.S. stocks are poised to rise Tuesday as encouraging signs from Europe’s largest economy gave some relief from overhanging fears of the eurozone’s troubles.
German business confidence rose unexpectedly in December, while German consumers were resilient in the face of rising economic risks and the ongoing debt crisis. A debt auction in Spain was also encouraging for investors. Borrowing costs for 3- and 6-month notes fell sharply amid strong demand, indicating market confidence in the country’s ability to handle its debt is recovering.
Dow Jones industrial average futures are rising 73, or 0.6 percent, to 11,776.00, while Standard & Poor’s 500 index futures are climbing 12.70, or 1.1 percent, or to 1211.70 Nasdaq futures are rising 1 percent, or 22.50 points to 2235.