US STOCKS-Futures rise after G20 pledges continuous aid

Mon Nov 9, 2009 12:20pm GMT
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* G20 pledge to keep aid flowing until recovery reassured

* Kraft faces deadline for Cadbury bid

* GE, Comcast agree on $30 bln valuation on NBC-Comcast JV

* For up-to-the-minute market news, click [STXNEWS/US]

By Angela Moon

NEW YORK, Nov 9 (Reuters) - U.S. stock index futures rose on Monday as investors took comfort from a pledge by the Group of 20 to keep economic stimulus in place until a recovery was reassured.

* Finance ministers and central bankers of the G20 pledged on Saturday keep the aid flowing until a economic recovery was sustainable. For details, see [ID:nLQ516726]

* Global stocks rose on the G20 news, while the dollar fell broadly as high-yielding and commodity-linked currencies benefited from the renewed risk-taking sentiment. [ID:nL9362990]

* Kraft Foods Inc (KFT.N: Quote, Profile, Research) is expected to formalize a hostile takeover bid for Britain's Cadbury Plc (CBRY.L: Quote, Profile, Research) valued at roughly $16.7 billion, with a noon EST (1700 GMT) deadline ticking closer. [ID:nL9397212]  Continued...

 
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