U.S. Stock-Index Futures Rise; Genentech, Yum!, Exxon Mobil Gain in Europe

(Bloomberg) -- U.S. stock-index futures advanced as
investors shrugged off concern about the housing market, and bet
that second-quarter earnings will beat analyst estimates.

Genentech Inc., the world's biggest maker of cancer
medicines, and Yum! Brands Inc. gained before reporting results.
Exxon Mobil Corp., the world's biggest oil company, climbed in
Europe after Bear, Stearns & Co. raised its earnings estimates
for the biggest oil companies.


Read more at Bloomberg Stocks News