Stock index futures signal higher Wall Street open
November 8, 2012 8:49 PM EST
U.S. stock index futures pointed to a higher open on Wall Street on Thursday, prompted by investors seen hunting for bargains after a steep sell-off in the previous session on concerns about a looming fiscal crisis.
* Futures for the S&P 500, the Dow Jones and the Nasdaq 100 were 0.2 to 0.3 percent higher, a day after U.S. stocks fell more than 2 percent.
* The Labor Department releases first-time claims for jobless benefits for the week ended November 3. Economists forecast a total of 370,000 new filings, compared with 363,000 in the prior week.
* KKR & Co L.P.
* Shares in Whole Foods Market
* The Commerce Department releases September International Trade figures at 8.30 a.m.EDT. Economists expect a trade deficit of $45.0 billion, versus a $44.22 billion deficit in August.
* The European Central Bank is expected to leave interest rates on hold on Thursday, waiting instead to show its mettle with a new bond-purchase program that is ready for use as soon as Spain asks for help. ECB President Mario Draghi will hold a news conference at 1330 GMT.
* The Bank of England is likely to leave interest rates unchanged at 0.5 percent and to leave its quantitative easing target at 375 billion pounds.
* Greece's government voted by a razor thin margin on Thursday to approve an austerity package needed to unlock vital aid and avert bankruptcy, despite an internal rift and violent protests at the gates of parliament.
* European shares <.FTEU3> rose 0.3 percent after reassuring earnings from major companies including Siemens
* The Dow industrials lost more than 300 points in a sell-off on Wednesday that drove all major U.S. stock indexes down over 2 percent in the wake of the presidential election as investors' focus shifted to the looming "fiscal cliff" debate and Europe's economic troubles.
* The Dow Jones industrial average <.DJI> slid 312.95 points, or 2.36 percent, to close at 12,932.73. The Standard & Poor's 500 Index <.SPX> fell 33.86 points, or 2.37 percent, to 1,394.53. The Nasdaq Composite Index <.IXIC> lost 74.64 points, or 2.48 percent, to close at 2,937.29.
(Reporting by Atul Prakash. Editing by Jeremy Gaunt.)
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