European and US equity index futures rose in line with Asian stocks’ rebound, fueled by China’s stimulus measures and fresh signs of vigor in technology shares.
European contracts climbed 1%, as equity benchmarks in the tech-heavy markets of Japan and South Korea advanced alongside futures for the Nasdaq 100. The gains were partly driven by Micron Technology Inc.’s after-hours rally following a strong revenue forecast.
Futures for the S&P 500 rose 0.6%, as traders await a pre-recorded address by Federal Reserve Chair Jerome Powell at the 10th annual US Treasury Market Conference.
Asian tech stocks outperformed as the region’s gauge rekindled a rally from earlier in the week to the highest level in nearly three years.
The benchmark CSI 300 index gained for a seventh straight session after the government unveiled more efforts to stimulate the economy, including cash handouts and the Politburo’s call for necessary fiscal spending.
Asian equities have soared this week after the People’s Bank of China came out with a slew of measures to revive the world’s second-largest economy.
