October 8, 2013 / 11:33 AM / 4 years ago

Stock futures up, Obama to name Yellen as Fed chair

TOKYO (Reuters) - U.S. S&P 500 E-mini futures rose 0.3 percent in early Asian trade on Wednesday after a White House official said U.S. President Barack Obama will nominate Federal Reserve Vice Chairwoman Janet Yellen to be the next head of the U.S. central Bank.

    The gains in the S&P E-mini futures suggested a firmer open for U.S. stocks on Wednesday after the Standard & Poor's 500 index .SPX shed 1.2 percent on Tuesday as little progress was made to end political wrangling in Washington that could lead to a U.S. debt default.

    Reporting by Dominic Lau; Editing by Richard Pullin

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below