Stock
futures rise after Fed minutes soothe investor nerves
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[November 19, 2015]
By Abhiram Nandakumar
(Reuters) - U.S. stock index futures were
higher on Thursday, a day after minutes from the Federal Reserve's
October meeting flagged a December interest rate hike and pointed to a
cautious approach after that.
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* Risk appetite rose across the world, sending stocks and
commodities higher.
* The minutes showed that central bankers are grappling with
longer-term issues that may be relevant to the pace of subsequent
rate hikes
* U.S. interest rates futures implied a 72 percent chance of a
liftoff next month, up from 64 percent on Tuesday.
* Jobless data for last week, due at 8:30 a.m. ET, is expected to
show a fall in claims to 271,000 from 276,000.
* Best Buy's shares <BBY.N> were down 8 percent to $28.82 in
premarket trading, while J M Smucker <SJM.N> was untraded after both
reported results.
* Dow component UnitedHealth's shares were down 3.8 percent to
$112.80 in premarket trading after the health insurer cut its
full-year profit forecast. Peers Humana fell 1.2 percent, while
Cigna was down half a percent.
* Salesforce was up 7.3 percent at $83 after its quarterly adjusted
profit beat estimates and the online sales software maker raised
full-year revenue forecast.
* Keurig Green Mountain jumped 16.3 percent to $47.10 after the
company's quarterly results beat estimates.
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* Fed Vice Chair Stanley Fischer and Atlanta Fed President Dennis
Lockhart are slated to speak later in the day.
Futures snapshot at 7:05 a.m. ET:
* Dow e-minis were up 31 points, or 0.18 percent, with 19,189
contracts changing hands.
* S&P 500 e-minis were up 6.5 points, or 0.31 percent, with 126,694
contracts traded.
* Nasdaq 100 e-minis were up 15 points, or 0.32 percent, on volume
of 19,463 contracts.
(Reporting by Abhiram Nandakumar in Bengaluru)
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