Sept. 8 (Bloomberg) -- U.S. stock-index futures advanced before a report that economists said may show consumer debt increased in July as Americans bought more autos and other durable goods. Intel Corp. and International Business Machines Corp. shares climbed in Germany. September futures on the Standard & Poor's 500 Index added 1.9 points to 1024.2 as of 10:22 a.m. in London. Dow Jones Industrial Average futures climbed 22 points to 9527. Nasdaq-100 futures gained 2 points to 1368. The S&P 500 last week rose to levels not seen for 14 months amid mounting evidence the world's largest economy may be accelerating, boosting demand for goods and services. ``Shares are rising because investors are betting on a recovery of the U.S. economy,'' said Paolo Casadio, head of asset allocation at Eptafund Sgr in Milan, which oversees the equivalent of $13.2 billion. ``The data that came out last week clearly showed the economy is picking up.''
A Federal Reserve report today may show that Americans' borrowing through credit cards, auto loans and other non-mortgage personal debt may have increased by $5 billion during the month after falling by $400 million in June, based on the median of 28 forecasts in a Bloomberg News survey. The Fed will issue its credit statistics at 3 p.m. in Washington. Intel climbed 9 cents to $28.80 in Germany. The world's biggest semiconductor maker will offer new versions of its latest Itanium processor for computer servers as it tries to win customers from Sun Microsystems Inc., the Wall Street Journal reported, citing Lisa Graff, Intel's director of enterprise processor marketing.
International Business Machines, the world's biggest computer company, added $1.07 to $88.02 in Germany. Central bank governors from the Group of 10 nations, gathering for the first time after the summer break, may predict a recovery in the global economy as interest rates at half- century lows revive investment and spending. Signs of a global rebound are increasing after 13 rate cuts from the Fed and seven reductions from the European Central Bank since the start of 2001. The U.S. economy expanded at a 3.1 percent annualized rate from April through June.//www.bloomberg.com