Pages

Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Thursday, July 2, 2015

U.S. futures rise ahead of jobs data

By Sweta Singh(Reuters) - U.S. stock index futures rose slightly on Thursday ahead of a critical job report that could feed into the U.S. Federal Reserve's decision on when to increase interest rates.* Non-farm payrolls are expected to have increased by 230,000 in June, with the unemployment rate declining to 5.4 percent from 5.5 percent.* The number of Americans filing new claims for unemployment benefits is expected to have dropped a bit to a seasonally adjusted 270,000.* The market was buoyed by stronger-than-expected private payrolls and construction spending data on Wednesday.* The Labor Department's closely watched report, normally issued on a Friday, will be released on Thursday at 8:30 a.m ET because of the Independence Day holiday.* Should the monthly job data meet expectations, it will be the latest indication that the economy has rebounded from a first-quarter slump and could support a September interest rate increase by the Fed.* European stock markets were in a limbo and the mood was one of caution with Greece just days away from a referendum that may decide its future in Europe and traders awaiting U.S. data.* The Greek government aims to secure a deal with creditors on Monday, a day after the referendum in which Greeks will vote on whether to accept or reject a bailout offer made by lenders last week.* HealthNet shares rose 5.4 percent to $68.54 in premarket trading after Centene Corp said would buy the healthcare management company for an enterprise value of $6.8 billion. Centene shares rose 1.4 percent.* Insurer MBIA Inc shares rose 4.6 percent to $6.15 after Puerto Rico’s PREPA avoided default by making a $415 million payment to creditors.* Xoom Corp shares rose 21.4 percent after PayPal, the electronic payments division of eBay , said it would buy the digital money transfer provider for about $890 million.Futures snapshot at 7:30 a.m. EDT:* S&P 500 e-minis were up 2.25 points, or 0.11 percent, with 107,917 contracts traded. * Nasdaq 100 e-minis were up 6 points, or 0.14 percent, on volume of 17,372 contracts. * Dow e-minis were up 21 points, or 0.12 percent, with 12,705 contracts changing hands.(Reporting by Sweta Singh in Bengaluru; Editing by Saumyadeb Chakrabarty)Join the conversation about this story »


READ THE ORIGINAL POST AT feedproxy.google.com