Friday, April 8, 2011

Wall Street Futures Signal Higher Open

Wall Street Futures Signal Higher Open stock index futures pointed to a higher opening on Wall Street Friday, with futures for the S & P 500, Dow Jones and Nasdaq 100 rose 0.3 to 0.4 percent.

* Wholesale inventories of the Department of Commerce reported in February at 1400 GMT. Economists polled by Reuters forecast a population increase of 1.0 percent, a repeat of the January increase.

* Facing a deadline of midnight, it was the White House and Congress are working furiously Friday to break a budget impasse and the United States to avoid a shutdown of government after President Barack Obama and congressional leaders n is not reached agreement in conversations late.

* In 1430 GMT, news Economic Cycle Research Institute (ECRI) of its weekly index of economic activity in April 1. In the week preceding the index reading 130.0.

* Goldman Sachs (GS.N) bought 12 percent of $ 900 million in China Taikang Life Insurance Co Ltd, giving the Wall Street giant a foothold in the global insurance market.

* The actions related to resources will be developed after the copper has increased by more than 1 percent of hope for improved demand for raw materials and crude oil rose 1 percent to a new 32 - month high on supply cuts in Libya. Gold reached a record high and silver rose to its highest level in 31 years.

* Euro zone finance ministers to discuss a rescue plan for the plea Friday in Portugal, as the amount they need and what reforms could be implemented to return, but no decision yet steady in the euro zone is likely that the sources said .

* FTSEurofirst 300 (. FTEU3) index of top European shares rose 0.6 percent, while the European Central Bank's decision to raise interest rates on Thursday, helped fuel optimism on the economic health of the euro area .

* Japan's Nikkei (. N225) rose 1.9 percent from Friday's close at the highest level since the March 11 earthquake as a gain of 24 percent in Tokyo Electric Power Co (9501.T), the operator of a hit nuclear plant, became a factor that encourages the active short-covering.

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