🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

U.S. futures lower amid Greek debt uncertainty; Dow Jones down 0.11%

Published 02/02/2012, 07:28 AM
NDX
-
UK100
-
FCHI
-
DJI
-
DE40
-
STOXX50
-
JP225
-
HK50
-
MRCG
-
SCHW
-
CPG
-
Investing.com - U.S. stock futures edged lower on Thursday, amid uncertainty over the outcome of Greek debt talks while investors awaited the release of U.S. economic data.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a decline of 0.11%, S&P 500 futures signaled a 0.08% loss, while the Nasdaq 100 futures indicated a 0.13% fall.

European officials have indicated in recent days that negotiations with Greece’s private creditors on a debt restructuring deal are almost concluded, but the second bailout and any public sector involvement must also be agreed upon before a deal can be announced.

In earnings, Compass group is set to be in focus as the world's biggest caterer said first-quarter sales rose more than 8%, as continued strength in North America and emerging markets offset weakness in Europe, putting it on track to achieve its full-year outlook.

Internet holding company IAC/InterActive Corp was also expected to be active after posting better-than-expected quarterly profit, driven by strong results at its online search and dating businesses.

Also in the Internet field, investors were eyeing Facebook, as the company could raise as much as USD10 billion in the biggest ever internet IPO, after which chief executive Mark Zuckerberg will retain almost complete control.

JPMorgan Chase was slated to be active after winning a leading role in Facebook's public offering, besting other banks that have competed for months for the coveted position.

Elsewhere, Wall Street's own watchdog filed a complaint against Charles Schwab Corp on Wednesday accusing the online brokerage of requiring customers to waive their rights to pursue class actions against the firm, which constitutes a violation of industry rules. Shares in Charles Schwab went down 0.08% in after hour trading.

Other stocks in focus included Kellogg, Mastercard, Merck & Co and Sara Lee, all due to report fourth quarter results later in the day.

Across the Atlantic, European stock markets were mixed. The EURO STOXX 50 declined 0.05%, France’s CAC 40 retreated 0.06%, Germany's DAX edged down 0.13%, while Britain's FTSE 100 added 0.09%.

During the Asian trading session, Hong Kong's Hang Seng Index surged 1.8%, while Japan’s Nikkei 225 Index added 0.76%.

Later in the day, Federal Reserve Chairman Ben Bernanke was to testify before the House of Representatives budget committee. The U.S. was also to produce government data on initial jobless claims.


Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.