Stock index futures signal gains for Wall Street
Friday, 11 June 2010
NEW YORK, June 10 (Reuters): Stock index futures pointed to a higher open for Wall Street Thursday, rebounding from falls in the previous session, with futures for the Dow Jones, S&P 500 and Nasdaq up 0.9 to 1.1 per cent by 0849 GMT.
US stocks fell Wednesday in another late-day roller-coaster ride, dragged lower by BP, which plunged to a 14-year low as the US probe of the oil spill in the Gulf of Mexico deepened.
Concerns over the costs of the giant oil spill persisted Thursday, with the oil major slumping 11 per cent in early trade in London to multi-year lows before recouping some of the losses as the firm said it had the financial stability to deal with liabilities related to the spill.
Among companies reporting quarterly figures are Del Monte Foods and National Semiconductor
Germany dashed Opel's hopes of receiving state aid Wednesday, at least initially, and General Motors may now be forced to contribute more than the planned 1.9 billion euros ($2.55 billion) of US taxpayer funding to keep Opel afloat.
Investors will watch the latest weekly initial jobless claims numbers and April international trade data, both due at 1230 GMT, while May's US Federal budget will be released at 1800 GMT.
At 1400 GMT, Treasury Secretary Timothy Geithner testifies before the Senate Finance Committee on the future of US economic relations with China.
The US Congress put the last pieces in place Wednesday to begin hammering out a historic financial regulation overhaul, a day after primary elections vindicated get-tough-on-Wall Street politics.
China's exports jumped in May, reassuring investors about the economy's strength but putting pressure on US President Barack Obama to placate critics who say Beijing is keeping the yuan unfairly undervalued.
In Europe, the FTSEurofirst 300 index of top shares was up 0.6 per cent at 1,004.73 points, by 0849 GMT, rebounding from earlier falls.
US stocks fell Wednesday in another late-day roller-coaster ride, dragged lower by BP, which plunged to a 14-year low as the US probe of the oil spill in the Gulf of Mexico deepened.
Concerns over the costs of the giant oil spill persisted Thursday, with the oil major slumping 11 per cent in early trade in London to multi-year lows before recouping some of the losses as the firm said it had the financial stability to deal with liabilities related to the spill.
Among companies reporting quarterly figures are Del Monte Foods and National Semiconductor
Germany dashed Opel's hopes of receiving state aid Wednesday, at least initially, and General Motors may now be forced to contribute more than the planned 1.9 billion euros ($2.55 billion) of US taxpayer funding to keep Opel afloat.
Investors will watch the latest weekly initial jobless claims numbers and April international trade data, both due at 1230 GMT, while May's US Federal budget will be released at 1800 GMT.
At 1400 GMT, Treasury Secretary Timothy Geithner testifies before the Senate Finance Committee on the future of US economic relations with China.
The US Congress put the last pieces in place Wednesday to begin hammering out a historic financial regulation overhaul, a day after primary elections vindicated get-tough-on-Wall Street politics.
China's exports jumped in May, reassuring investors about the economy's strength but putting pressure on US President Barack Obama to placate critics who say Beijing is keeping the yuan unfairly undervalued.
In Europe, the FTSEurofirst 300 index of top shares was up 0.6 per cent at 1,004.73 points, by 0849 GMT, rebounding from earlier falls.