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US stock futures rise slightly ahead of opening
Published in The Saudi Gazette on 09 - 03 - 2010

US stock futures rose slightly Monday as investors welcomed a fresh round of corporate deals.
Asian markets surged Monday in their first trading session following an upbeat U.S. jobs report Friday. European markets fell slightly.
US stocks rallied last week on encouraging economic data, including a better-than-expected employment report, and a new wave of corporate dealmaking.
The recent surge in corporate mergers and acquisitions continued Monday. Insurer American International Group Inc. reached a deal to sell one of its major foreign subsidiaries to MetLife Inc. for $15.5 billion. The deal, though, wasn't a surprise. MetLife had confirmed last month it was in talks with AIG to buy the unit known as Alico.
Meanwhile, Royal Dutch Shell and PetroChina have offered to buy Australia's Arrow Energy Ltd. for $3 billion in cash and stock. Royal Dutch Shell already owns a 10 percent stake in Arrow's international business.
Ahead of the opening bell, Dow Jones industrial average futures rose 19, or 0.2 percent, to 10,564. Standard and amp; Poor's 500 index futures rose 1.90, or 0.2 percent, to 1,138.40, while Nasdaq 100 index futures rose 1.75, or 0.1 percent, to 1,887.25.
Bond prices fell Monday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.70 percent from 3.69 percent late Friday. The dollar fell against other major currencies, while gold prices rose slightly.
Overseas, Japan's Nikkei stock average rose 2.1 percent.
Britain's FTSE 100 rose less than 0.1 percent, Germany's DAX index rose less than 0.1 percent, and France's CAC


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