US investors ‘shrug off Cyprus bailout worries’

<p>US stock index futures are up today.</p>

US stock index futures rose today (March 19th), indicating investors are not concerned about the ongoing talks over a potential bailout for Cyprus.

S&P 500 futures added 3.5 points, while the Dow was up by 20 points and Nasdaq 100 futures gained 10 points, reports Reuters.

Joe Saluzzi, co-head of trading at Themis Trading, told the news provider that the market is "shrugging off" concerns about the situation in Cyprus.

If a deal cannot be reached, it is possible the country could default on its loans and this could have a knock-on impact on economies around the world.

US markets have also been boosted by the news that signs the recovery of the nation's housing market is gathering pace.

"The data was good but at the same time we need to think about, now that the housing market is getting better, will the Fed have to wait longer to get their foot off the gas pedal?" asked Mr Sluzzi.

Anthanasios Orphanides, former governor of the Cypriot central bank, claims eurozone governments are "essentially blackmailing" Cyprus over the potential bailout.

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