U.S. Stock index futures rose after an agreed Ireland rescue plan

U.S. Stock index futures rose after an agreed Ireland international rescue plan to save their banks and prevent contagion in Europe's debt markets.

Barrick Gold Corp. and Alcoa Inc. rose metals prices advanced. Merck & Co. rose a study showed its drug Vytorin security reduces the risk of cardiac complications in kidney patients. SanDisk Corp. met in the trade of the early New York and Robert W Baird & Co. upgraded the stock.

December contracts, 500 of Standard & Poor's gained 0.3 percent to 1202.5 from 10:32 am in London. U.S. stocks avoided a straight weekly decline on 19 November as higher corporate profits than expected and the acquisition of Caterpillar Inc. 's Bucyrus International Inc. overcome concerns about the decision by China to cool inflation. Dow Jones Industrial Average futures up 0.3 percent to 11,213 today, while the Nasdaq-100 Index future increase of 0.5 percent to 2,144.5.

"We have good news in Europe and that is positive for equity markets," said Jacques Porta, a fund manager based in Paris in the Ofi Patrimoine, who helps oversee about $ 425 million in shares. "The macroeconomic data markets should give some support to the end of the year. The European Union is stabilizing the situation, but I'm worried about Spain."

Greek Rerun

Ireland became the second country in the euro will need a bailout as the cost to save their banks threatened with a repetition of the Greek debt crisis that destabilized the currency.

Irish Finance Minister Brian Lenihan told reporters yesterday afternoon that Ireland will channel some money from the European Union and the International Monetary Fund to lenders through a fund of "quota" of capital. The rest of the package, Goldman Sachs Group Inc. estimates may total 95 million euros (130 billion), would help prevent the sale of bonds of Ireland.

With yields of Ireland, near a record, policy makers are trying to prevent the crisis engulfing Portugal and Spain, the fourth largest economy of the euro.

"The speculative actions against Portugal and Spain are not justified, although they may," said Jean-Claude Juncker, who heads the group of finance ministers from the euro area, now in the Luxembourg RTL radio.

For the first time since the financial crisis began, the U.S. equity are moving independently of the bond market, a sign that the benefits and assessments are guiding investor concern over the economy.

The correlation of 30 days of measuring coefficient of the frequency with which the Standard & Poor's 500 Index moves in parallel with yields of 10-year Treasury fell to minus 0.42 from a peak of 0.89 in June. Reading 1 indicate prices move together, while zero shows no connection and less means going in opposite directions. The debt stock and ends a relationship together that began in July 2007 and lasted until the worst recession since the 1930s.

Top Metal

Barrick rose 0.8 percent to $ 50.15 gold rose 0.6 percent to $ 1,360.90 an ounce. The precious metal may advance 11 percent in a year, benefiting from the stimulus packages of the central banks and the weak dollar expected, Frederic Lasserre, head of commodities research at Societe Generale SA, said in a press conference today.

Alcoa, the largest U.S. aluminum producer, 0.6 percent, to $ 13.46. Copper, lead, nickel, tin and zinc all rose on the London Metal Exchange.

Merck & Co. rose 0.6 percent to $ 35.55 in Germany. Merck's cholesterol drug Vytorin reduced security risk of cardiac complications in patients with renal disease in a study that could ease concerns of unrest since 2008 when work no better than a generic drug and is associated with cancer. The results were presented at the November 20 meeting of the American Society of Nephrology in Denver.

SanDisk, the world's largest maker of flash memory cards, rebounded 0.9 percent to $ 40.35 in early trading as Robert Baird raised its rating on the stock to "overweight" from "neutral."
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