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Dow futures rise as UBS bails out Credit Suisse



© Reuters.

By Oliver Gray – U.S. stock futures were trading higher during Sunday’s evening deals as investors monitored increased pressure on the financial sector following reports that embattled bank Credit Suisse (SIX:) has been bought out by UBS Group AG (SIX:) for $3 billion Swiss francs (US$4.8 billion) in a government-backed deal.

By 6:35pm ET (10:35pm GMT) were up 0.2% while and gained 0.2% apiece.

Ahead in the week, market participants will be closely monitoring the Fed’s amid expectations of a 25 basis point hike. Meanwhile, and home sales, , , and PMIs, as well as a speech from .

During Friday’s trade, the fell 384.6 points or 1.2% to 31,862, the lost 43.6 points or 1.1% to 3,916.7 and the fell 86.8 points or 0.7% to 11,630.5. for the week, the Dow added 0.1%, the S&P 500 added 2.1% and the NASDAQ gained 5.3%.

On the bond markets, rates were at 3.436%.

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