FRANKFURT, Dec 27 (Reuters) - Futures on two of the three
leading U.S. stock market indexes fell before the start of Wall
Street trading on Thursday, with the focus on economic and oil
inventory data as no S&P 500 firms are due to report results.
At 0945 GMT, Dow Jones futures <DJc1> traded 0.2 percent
lower and S&P 500 futures <SPc1> were down 0.1 percent, while
Nasdaq futures <NDc1> rose 0.1 percent.
The indicative Dow Jones index <.DJII>, which tracks how the
Dow stocks are trading in Frankfurt, was 0.1 percent lower.
"All eyes will be on U.S. durable goods orders, initial
jobless claims as well as consumer sentiment," Heino Ruland, an
analyst at FrankfurtFinanz, said in a daily note to clients.
The durable goods orders for November and jobless claims for
the week ended Dec. 22 are due at 1330 GMT, followed by consumer
confidence for December at 1500 GMT.
Referring to the durable goods data, Italian bank UniCredit
said U.S. core capital goods orders have been contracting over
the past three months, "hinting that firms are increasingly
careful in planning capital expenditures. We expect a partial
rebound in November, even though momentum is generally fading."
"We expect further softening in the ... consumer confidence
index, on the back of high food and energy prices, worries about
job losses, and a more erratic stock market," UniCredit added.
The U.S. Energy Information Administration's weekly
petroleum stocks and output data are due at 1530 GMT. The
inventories are expected to show that crude stocks fell by 1
million barrels as bad weather in Texas and the Gulf slowed
imports.
U.S. crude oil <CLc1> was near $96 a barrel, with Brent
<LCOc1> at $93.70.
U.S. stocks in the spotlight could include student loan
provider Sallie Mae <SLM.N>, which fell more than 5 percent in
extended trading on Wednesday after the company said it plans to
sell about $2.5 billion of stock and mandatory convertible
securities to help pay off derivatives contracts that amounted
to a bet that its share price would keep increasing.
Salli Mae's Frankfurt-listed shares <SLM.F> were up 2.5
percent at 0945 GMT.
Shares of Cirrus Logic <CRUS.O> rose 8.1 percent after the
closing bell on Wednesday after Soros Fund Management reported
in a regulatory filing that it holds a 5.18 percent stake in the
chip maker.
Cirrus shares traded more than 6 percent higher in Frankfurt
<CRUS.F>.
U.S. stocks ended little changed on Wednesday after discount
retailer Target Inc <TGT.N> cut its sales forecast, offsetting
gains in major energy companies as oil hit a one-month high.
The Dow Jones industrial average <.DJI> edged up 0.02
percent, the Standard & Poor's 500 Index <.SPX> rose 0.08
percent and the Nasdaq Composite Index <.IXIC> gained 0.40
percent.
(Reporting by Peter Starck; Editing by David Cowell)
(([email protected]; +49 69 7565 1217; Reuters
Messaging: [email protected]))
Keywords: MARKETS STOCKS US EUROPE/