Breaking News

U.S. futures edge lower ahead of jobless report; Dow Jones down 0.03%

Stock MarketsDec 06, 2012 06:52AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

Investing.com - U.S. stock futures pointed to a moderately lower open on Thursday, as investors eyed the release of U.S. jobless claims data later in the day, while markets were jittery ahead of the European Central Bank's policy statement.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.03% loss, S&P 500 futures signaled a 0.15% decline, while the Nasdaq 100 futures indicated a 0.11% fall.

Later Thursday, the ECB was widely expected to keep rates unchanged at 0.75% later Thursday, while a post-policy meeting press conference by President Mario Draghi would be closely watched for indications on the future direction of monetary policy.

Sentiment remained supported by recent signs of progress in dealing with the debt crisis in the region, although concerns over the weak outlook for the euro zone economy persisted.

Meanwhile, U.S. President Barack Obama said a deal to avert the so-called fiscal cliff of year-end tax hikes and spending cuts was possible in "about a week" if Republicans compromise on taxes.

Energy-linked stocks were expected to be active, after Chevron added USD15 billion to the cost of the Gorgon liquefied natural gas export complex, as the U.S. oil company's largest single development joins a growing list of Australian LNG projects to run over budget.

The tech sector was also likely to be in focus, as Apple's rank in China's smartphone market, which is set to become the world's largest this year, fell to number 6 in the third quarter as it faces tougher competition from Chinese brands. Apple shares were down 0.29% in pre-market trade.

Separately, Research In Motion surged 3.85% in early trading, after the company outlined on Thursday a step-by-step program to help its large base of enterprise clients transition across to its soon to be launched new BlackBerry 10 platform.

Elsewhere, Starbucks jumped 1.10% pre-market after saying on Wednesday that it plans to increase the number of its cafes in the Americas by more than 20% by opening more than 3,000 new shops there in the next five years.

The company added that it is seeking to rely on tea and juice as much as coffee.

Other stocks in focus included Lululemon Athletica and Smithfield Foods, due to report quarterly results shortly after the opening bell.

Across the Atlantic, European stock markets were higher. The EURO STOXX 50 added 0.19%, France’s CAC 40 inched up 0.09%, Germany's DAX climbed 0.85%, while Britain's FTSE 100 eased up 0.07%.

During the Asian trading session, Hong Kong's Hang Seng Index slipped 0.09%, while Japan’s Nikkei 225 Index climbed 0.81%.

Later in the day, the U.S. was to publish the weekly government report on initial jobless claims.

U.S. futures edge lower ahead of jobless report; Dow Jones down 0.03%

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Are you sure you want to delete this chart?
Write your thoughts here
Replace the attached chart with a new chart ?
Post also to:
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Post 1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email