Stock index futures point higher

December 22nd, 201111:50 am @


Stock index futures point higher

(Reuters) Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the SP 500, Dow Jones and Nasdaq 100 all up 0.5 percent at 0936 GMT.

* U.S. final third-quarter GDP will be in the spotlight at 1330 GMT, with economists in a Reuters survey forecasting a 2.0 percent annualized pace of growth, a repeat of the third-quarter second estimate.

* Investors will also watch U.S. weekly jobless claims at 1330 GMT, while the Thomson Reuters/University of Michigan Surveys of Consumers will be at 1455 GMT and the U.S. Federal Housing Finance Agency issues Home Price Index for October at 1500 GMT.

* Yahoo Inc (YHOO.O) is considering a plan to cut stakes in its prized Asian assets as part of a complicated share transaction valued at roughly $17 billion, sources familiar with the matter said on Wednesday, winning nods of approval from Wall Street.

* Airbus is on course to end 2011 with well over 1,600 orders, pushing Boeing (BA.N) to the lowest market share of their 40-year rivalry.

* European Commission antitrust officials were not swayed by Deutsche Boerse (DB1Gn.DE) and NYSE Euronext’s (NYX.N) last-ditch arguments to save their $9 billion deal, sources said.

This makes it increasingly likely the exchange operators will have to take their campaign directly to the commissioners.

* The FTSEurofirst 300 index .FTEU3 rose 1 percent on Thursday in thin trade, with banking stocks featuring among the top performers.

* On Wednesday, the Nasdaq Composite Index .IXIC fell 1 percent after results from Oracle (ORCL.O) missed expectations, while the broader markets closed mostly flat in a thinly traded day.

The Dow Jones industrial average .DJI rose 0.03 percent, the Standard Poor’s 500 Index .SPX gained 0.2 percent and the Nasdaq Composite Index .IXIC slid 1 percent.

(Reporting by Joanne Frearson; Editing by Hans-Juergen Peters)

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