Stock futures signal weak start for Wall Street (Reuters)

Thursday, April 14, 2011 4:01 AM By dwi

(Reuters) Stock index futures spinous to a slightly weaker move for Wall Street on Thursday, with futures for the S&P 500, Dow Jones industrialized average and Nasdaq downbound 0.1 to 0.2 proportionality by 0847 GMT.

* Risk appetite retreated on growing fears of monetary tightening in China after a media report advisable the country's inflation figures module be higher than cod in March.

* Some warn was also cod to prevail aweigh of upcoming corporate results, with the prominence likely to be on the doable effect of rising nakedness material costs on margins and the effect of supply concern disruptions arising from the seism in Japan.

* Google (GOOG.O) is regular to promulgation results after markets close on Thursday, with analysts expecting to wager a 25 proportionality year-on-year process in gain income to $6.32 1000000000 and earnings per care of $8.10, up from $6.76 a assemblage earlier.

* The effect of rising artefact prices module also be in focus at the promulgation of the shaper toll index figures for March at 1230 GMT. Year-on-year shaper prices is forecast to rise to 6.2 proportionality from 5.6 percent.

* Other data regular for promulgation allow weekly unemployed claims numbers, also cod at 1230 GMT.

* U.S. stocks finished mostly flat in a choppy conference on Wednesday, as investors bet on strong profession earnings modify as JPMorgan Chase's drawing weighed on another mart sectors.

* In consort news, Italian automobile concern Fiat (FIA.MI) wants to hike its stake in Chrysler to 46 proportionality by June, as presently as the U.S. assemble manages to move $7 1000000000 of polity debt, an Italian regular said.

* Suppliers to Apple Inc (AAPL.O) hit begun creation of white iPhones after a delay of nearly 10 months, pointing to a launch date of within a month, two grouping old with the status said on Thursday.

* BP (BP.N) and Russia's Rosneft (ROSN.MM) hit long by a period the deadline to rank a $16 1000000000 care swap hours before its expiry, gift BP more instance to garner a care beset by problems from the start.

* U.S. regulators are inquiring whether whatever field banks colluded to manipulate a orbicular benchmark welfare rate before and during the financial crisis, the Wall Street Journal reported, citing grouping old with the situation.

* In a frenzy to protect its interests at the move of the credit crisis, nihilist Sachs Group Inc (GS.N) sold mortgage-linked derivatives to clients at increased prices and misrepresented the nature of the deals, according to documents released by a Senate subcommittee.

* Commodities colossus Glencore launched its long-awaited substance of up to $11 1000000000 on Thursday, outlining plans for a May debut that module boost its firepower for acquisitions and make essay millionaires of its partners.

* Shares in Europe fell in primeval trade, with the pan-European FTSEurofirst 300 (.FTEU3) index of crowning shares downbound 0.2 proportionality at 1,132.69 points.

(Reporting by Harpreet Bhal; Editing by Mike Nesbit)


Source

0 comments:

Post a Comment