PARIS, June 20 |
PARIS, June 20 (Reuters) – * U.S. stock index futures
pointed to a mixed open on Wall Street on Wednesday, with
futures for the SP 500 up 0.08 percent, Dow Jones
futures down 0.18 percent and Nasdaq 100 futures up 0.27
percent at 0920 GMT.
* European shares edged higher in choppy trade on Wednesday,
after a strong rally in the previous session, ahead of the
conclusion of a U.S. Federal Reserve meeting later in the day
which many expect will result in the announcement of fresh
stimulus measures.
* The Fed is set to announce its monetary policy decision at
1630 GMT on Wednesday following a two-day meeting, and many
economists expect the central bank to extend its “Operation
Twist,” a program aimed at pushing down longer-term interest
rates in a bid to support the economy.
* Adobe Systems Inc will be in focus after the
maker of Photoshop and Acrobat software cut its full-year
revenue outlook as weak demand in Europe could affect sales of
the recently launched versions of its popular design software.
Shares in the company traded in Frankfurt were down 4.6
percent.
* Procter Gamble Co forecast annual earnings for
its coming fiscal year would be between flat and up by a
mid-single digit percentage amount, with underlying sales set to
show a 2 to 4 percent increase. The world’s largest household
products maker said on Wednesday that after stripping out
foreign exchange effects, core earnings per share would show
growth of a mid-to-high single digit percentage in the fiscal
year beginning July 1.
* Chip-equipment maker FSI International Inc
forecast a weak fourth quarter as customers delay spending amid
a global economic slowdown, sending the company’s shares down 15
percent in after-hours trading.
* Jabil Circuit Inc forecast fourth-quarter results
below analysts’ estimates as sales stagnate, but the contract
electronics maker’s shares rose on expectations that it retained
a key mobile phone customer.
* A Manhattan federal judge has decided against JPMorgan
Chase Co in a lawsuit over losses on securities backed
by risky home equity loans, a ruling that could strengthen
claims by insurers seeking to hold banks responsible for such
losses.
* PepsiCo said it sees unfavorable exchange rates
hurting 2012 profit more than the maker of Frito-Lay snacks,
Quaker oatmeal and Tropicana orange juice had previously
expected.
* On the earnings front, investors awaited results from Bed
Bath Beyond Inc., Goodrich Corp. and Red Hat
Inc..
* U.S. stocks rose on Tuesday on hopes that the Federal
Reserve will agree to extend stimulus measures as the economy
struggles to recover and the euro zone’s debt crisis gets worse.
* The Dow Jones industrial average gained 95.51
points, or 0.75 percent, to 12,837.33 at the close. The Standard
Poor’s 500 Index advanced 13.20 points, or 0.98
percent, to 1,357.98. The Nasdaq Composite Index rose
34.43 points, or 1.19 percent, to close at 2,929.76.
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