Futures Up On Spain, But Concerns Remain

Reuters – By Ryan Vlastelica – June 11, 2012

(Reuters) – Futures rose on Monday after euro zone finance ministers agreed on an aid package to help Spain, but futures were off their highs as concerns persisted about the global growth outlook.

In the aid deal, Spain will be lent up to 100 billion euros ($125 billion) to help the country’s battered banks. The size of the package was larger than expected, removing a huge cloud that has been hanging over financial markets. European shares gained 1 percent.

Investors have been fearing that a banking crisis in the euro zone’s fourth-largest economy could have compounded the currency bloc’s troubles with Greece ahead of that country’s June 17 elections.

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