(Reuters) - Stock index futures pointed to a higher open on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.1 to 0.2 percent.
The Commerce Department releases at 8:30 a.m. EDT April personal income and consumption data. Economists in a Reuters survey expect a rise of 0.4 percent in April income and a 0.5 percent increase in spending. In the previous month, income rose 0.5 percent and spending rose 0.6 percent.
At 9:55 a.m. Thomson Reuters/University of Michigan Surveys of Consumers release May final consumer sentiment index. Economists expect a reading of 72.4, a repeat of the preliminary May reading.
The Group of Eight leaders agreed on Friday that the global economic recovery was becoming more "self-sustained," although higher commodity prices were hampering further growth.
National Association of Realtors issues at 1400 GMT Pending Home Sales for April. Economists expect a 1.0 percent decline compared with a 5.1 percent increase in the previous month.
U.S. shoppers soon will be able to use mobile phones to pay for things at the checkout counter under a system unveiled by Google Inc (GOOG.O) and other major companies.
Economic Cycle Research Institute (ECRI) releases at 10:30 a.m. EDT its weekly index of economic activity for May 20. In the prior week the index read 128.7.
Resource-related stocks will be in focus, with crude oil rising to hover above $115 a barrel on a softer dollar and persistent Middle East tensions. Key base metals prices also advanced.
The pan-European FTSEurofirst 300 .FTEU3 index of top shares rose 0.8 percent on Friday. Trading volumes were expected to be thin as traders square-up positions ahead of the long weekend in Britain and the United States.
Japan's Nikkei average .N225 fell 0.4 percent.
On Thursday, the Dow Jones industrial average .DJI edged up 8.10 points, or 0.07 percent, to 12,402.76. The Standard & Poor's 500 Index .SPX gained 5.22 points, or 0.40 percent, to 1,325.69. The Nasdaq Composite Index .IXIC rose 21.54 points, or 0.78 percent, to 2,782.92.
(Reporting by Atul Prakash; Editing by Jon Loades-Carter)
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