Stock futures tick up
ahead of data flurry
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[July 03, 2014]
NEW YORK (Reuters) - U.S.
stock index futures ticked up in light volume on
Thursday after the S&P 500 and the Dow industrials
closed at a record, ahead of a short session on Wall
Street that is packed with economic data.
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* The key government non-farm payrolls numbers are due at 8:30 a.m.
EDT (1230 GMT) and are expected to show the economy created 212,000
jobs last month according to a Reuters survey of economists. The
unemployment rate is expected to remain at 6.3 percent.
* Data on international trade, claims for unemployment insurance as
well as two sets of numbers on the U.S. services sector are also due
later on Thursday.
* The closing bell will ring at 1 p.m. (1700 GMT) and equity markets
will be closed Friday for the Independence Day holiday.
* S&P 500 e-mini futures <ESc1> were up 2 points and fair value - a
formula that evaluates pricing by taking into account interest
rates, dividends and time to expiration on the contract - indicated
a slightly higher open. Dow Jones industrial average e-mini futures
rose 15 points and Nasdaq 100 e-mini futures added 5 points.
* Volkswagen denied planning a bid for U.S. truck maker Paccar after
analysts published comments in a research note from a senior
executive of German rival Daimler saying he had heard of such a
plan. Paccar shares were inactive in early trading.
* Lululemon shares rose 4.5 percent in light premarket trading as
founder Dennis Wilson's advisers have been talking to private equity
firms about a possible buyout, the Wall Street Journal reported,
citing people familiar with the matter.
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* Regado Biosciences shares fell 38.6 percent after the Data Safety
Monitoring Board started an unplanned review of data from a trial
and the company said patient enrollment has been paused until the
DSMB returns with recommendations.
(Reporting by Rodrigo Campos; Editing by Chizu Nomiyama)
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