PARIS, June 8 |
PARIS, June 8 (Reuters) – U.S. stock index futures pointed
to a lower open on Wall Street on Friday, with futures for the
SP 500 down 0.69 percent, Dow Jones futures down
0.6 percent and Nasdaq 100 futures down 0.54 percent at
0800 GMT.
* European shares dropped 1 percent in morning trade, while
the euro and oil also retreated, as expectations of a fresh
round of global monetary policy easing dimmed and investors’
focus swung back to Spain’s banking crisis and the prospect of
slower economic growth in Germany and China.
* On the macro front, investors awaited U.S. international
trade data, at 1230 GMT, as well as wholesale inventories, due
at 1400 GMT.
* German imports tumbled at their fastest rate in two years
in April and exports fell more than expected, data showed on
Friday, in another sign Europe’s largest economy is beginning to
feel the chill from the euro zone debt crisis.
* An Apple Inc lawyer said the iPhone and iPad
maker may seek a legal order stopping the launch of Samsung
Electronics Co Ltd’s Galaxy S III phone in the
United States later this month.
* Best Buy Co Inc founder and chairman Richard
Schulze resigned from the retailer’s board on Thursday and said
he was exploring options for his 20.1 percent ownership stake, a
move seen as a possible precursor of a Schulze-led private
takeover.
* About 100 workers at a southwestern China plant of
Foxconn, Apple Inc’s main manufacturer, went on the
rampage this week after a dispute in a restaurant turned
violent, a government website said.
* TSMC, the world’s biggest contract chip maker,
said on Friday that sales in May rose 21 percent from a year
earlier.
* Britain’s Rolls-Royce said it would buy out partner
Goodrich Corp in its engine controls joint venture,
gaining full ownership of its fuel pumps and metering units
business.
* The SP 500 ended barely changed on Thursday as optimism
about China’s interest rate cut was offset by Federal Reserve
Chairman Ben Bernanke’s comments that dimmed hopes for more U.S.
stimulus. Both the Dow industrials and the Nasdaq ended off
session highs, with the Dow rising modestly for the day and the
Nasdaq slipping.
* The Dow Jones industrial average was up 0.37
percent, at 12,460.96. The Standard Poor’s 500 Index
down 0.01 percent, at 1,314.99. The Nasdaq Composite Index
was down 0.5 percent, at 2,831.02.
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