The Italian government sold government bonds at yields that showed improvement from last month, indicating some confidence among investors in the country’s prospects. Jobless claims in the U.S. rose 15,000 to 381,000 last week, the government reported.
Italian 10-year notes were yielding 6.98%, down from a high of 7.65% last month, but the Italian government failed to sell the maximum number of bonds it had allotted for sale.
The data appeared to please investors after a weak trading day on Wednesday, and stock futures were pointing up early.
Dow Futures rose 21 points to 12,102; S&P 500 futures rose 2.8 points to 1,247.3.
Fertilizer company Mosaic (MOS) fell 4% after announcing it plans to cut back on phosphate production because supply is now exceeding demand, the company said.
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