Tuesday, June 5, 2012

Stock futures slide as G7 discusses euro zone crisis

(Reuters) - Stock index futures fell in a choppy session on Tuesday as traders positioned for the outcome of emergency talks among the Group of Seven industrialized nations to tackle a deepening euro zone crisis.

Adding to the bearish sentiment, all of the euro zone's major economies are now in various states of decline, according `to business surveys that suggested even Germany is no longer immune to the crisis.

German debt prices rose and Spanish bond yields briefly jumped after Spain's treasury minister said the country was effectively shut out of the financing market. Spain's two-year yields rose above 5 percent for a fifth straight session while the 10-year held steady near 6.4 percent.

The S&P 500 was flat for the day on Monday after a steep decline last week as investors weighed low prices against the backdrop of Europe struggling with debt and stalling economies. Read More