MarketWatch.com - Pre-Market Indications

Thursday, August 5, 2010

Indications: Stock futures dip after jobs data; ECB on hold

Stock Assault 2.0 - Artificial Intelligence Stock Market Software Alert Email Print

By Polya Lesova and Nick Godt, MarketWatch

Stock futures drop after U.S. jobs data; ECB, BOE on hold

NEW YORK (MarketWatch) -- U.S. stock futures traded lower on Thursday, with a rise in jobless claims hitting sentiment ahead of the key monthly employment report on Friday.

Earlier, the European Central Bank and the Bank of England left their lending rates unchanged, as expected.

Futures on the Dow Jones Industrial Average fell 32 points to 10,603, and Nasdaq 100 futures lost 4.25 points to 1,901. S&P 500 futures were virtually unchanged at 1,119.70.

The Dow /quotes/comstock/10w!i:dji/delayed (DJIA 10,659, -21.30, -0.20%) dropped 0.4% Wednesday to end at 10,680.43, its highest close since May 13.

After trading slightly higher early Thursday, futures took a turn lower after the government said jobless claims rose by 19,000 in the latest week to reach 479,000, their highest level since April.

"As much as I would love to point out how volatile these weekly moves can be, this is clearly a troubling development," said Jennifer Lee, a senior economist with BMO Capital Markets.

The data, she said, matched similar softness in employment trends in other recent national economic reports.

Earlier, the ECB kept its key lending rate unchanged at a record low of 1%. Speaking during a press conference after the decision, ECB President Jean-Claude Trichet said the stress tests of European banks completed last month have helped increase transparency and were a step toward restoring market confidence in the banking sector.

The Bank of England also made no change to monetary policy, leaving its key lending rate at a record low 0.5%.

Many U.S. retailers were reporting same-store sales for July. Costco Wholesale Corp. /quotes/comstock/15*!cost/quotes/nls/cost (COST 56.39, -1.01, -1.76%) said its July sales at stores open at least a year rose 6%. Analysts polled by Thomson Reuters had, on average, expected same-store sales to rise 5.5%.

PPL Corp. /quotes/comstock/13*!ppl/quotes/nls/ppl (PPL 26.58, -1.14, -4.11%) swung to second-quarter net income of $85 million, or 22 cents a share, from a loss of $7 million, or 2 cents a share, in the year-ago period.

Viacom Inc. /quotes/comstock/13*!via/quotes/nls/via (VIA 38.01, -0.39, -1.02%) said its second-quarter net income rose to $420 million, or 69 cents a share, from $277 million, or 46 cents a share, from the year-ago period.

Kraft Foods Inc. /quotes/comstock/13*!kft/quotes/nls/kft (KFT 29.50, -0.25, -0.84%) will release earnings after the market close.

European shares gain

The Stoxx Europe 600 index /quotes/comstock/22c!sxxp (ST:SXXP 261.48, -0.69, -0.26%) gained 0.1% in afternoon trading.

Mining giant Rio Tinto /quotes/comstock/13*!rtp/quotes/nls/rtp (RTP 54.63, -0.09, -0.16%) /quotes/comstock/23s!a:rio (UK:RIO 3,430, +18.00, +0.53%) said its first-half net profit soared to $5.85 billion and declared an interim dividend of 45 cents a share.

Banking group Barclays PLC /quotes/comstock/13*!bcs/quotes/nls/bcs (BCS 20.81, -0.90, -4.15%) /quotes/comstock/23s!a:barc (UK:BARC 324.00, -15.85, -4.66%) reported a 29% rise in first-half net profit, but the bottom line was muddied by one-off gains. Shares of Barclays dropped 2.7% in London trading. Read more about Barclays.

In Germany, Deutsche Telekom AG /quotes/comstock/11i!dteg.y (DTEGY 13.39, -0.37, -2.65%) /quotes/comstock/11e!fdte (DE:DTE 10.23, -0.28, -2.67%) said its second-quarter net profit fell 9% to 475 million euros ($626 million).

Consumer-goods giant Unilever /quotes/comstock/13*!ul/quotes/nls/ul (UL 27.89, -1.44, -4.91%) /quotes/comstock/13*!ul/quotes/nls/ul (UL 27.89, -1.44, -4.91%) /quotes/comstock/23s!e:ulvr (UK:ULVR 1,736, -95.00, -5.19%) reported a 40% jump in second-quarter net profit, but its performance still disappointed investors as lower sales prices hurt the group's margin. Its shares dropped 3.6% in London. Read more about Unilever's results.

Shares of oil giant BP PLC /quotes/comstock/13*!bp/quotes/nls/bp (BP 40.61, +1.22, +3.10%) /quotes/comstock/23s!a:bp. (UK:BP. 423.40, +1.75, +0.42%) gained 2.4% after the firm said it has received authorization to conduct cementing operations on the Macondo well in the Gulf of Mexico. The actions are part of the so-called static kill procedure to stop the flow of oil from the well.

Meanwhile, officials from the European Union and the International Monetary Fund said that the Greek economic program has "made a strong start."

The quantitative performance criteria have all been met, and important reforms are ahead of schedule, officials said after they completed their first review of the program. Read more about Greece's economy.

The euro /quotes/comstock/21o!x:seurusd (EURUSD 1.3174, +0.0022, +0.1673%) gained 0.3% to $1.3195. German manufacturing orders rose 3.2% in June compared to the previous month, exceeding economists' expectations, government data showed.

The dollar index /quotes/comstock/11j!i:dxy0 (DXY 80.83, -0.06, -0.08%) , which tracks the performance of the greenback against a basket of other major currencies, rose 0.2% to 80.73.

In the commodity markets, gold futures gained $2.40 to $1,198.30 an ounce in electronic trading on the New York Mercantile Exchange. Oil futures edged lower to trade at $81.93 a barrel.

Asian stocks finished mostly higher, with Japan's Nikkei Stock Average index ending up 1.7%. However, China's Shanghai Composite index fell 0.7%.

Polya Lesova is a reporter for MarketWatch, based in Frankfurt. Nick Godt is MarketWatch's markets editor, based in New York.

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Indications: Stock futures flat as ECB, BOE stay on hold

Stock Assault 2.0 - Artificial Intelligence Stock Market Software Alert Email Print

By Polya Lesova, MarketWatch

Stock futures flat as ECB, BOE stay on hold

FRANKFURT (MarketWatch) -- U.S. stock futures traded little changed Thursday, as investors displayed caution ahead of jobless-claims data and after the European Central Bank and the Bank of England left their lending rates unchanged, as expected.

Futures on the Dow Jones Industrial Average added 8 points to 10,643, and Nasdaq 100 futures gained 1.75 points to 1,907. S&P 500 futures were virtually unchanged at 1,124.80.

The Dow /quotes/comstock/10w!i:dji/delayed (DJIA 10,680, +44.05, +0.41%) rose 0.4% Wednesday to end at 10,680.43, its highest close since May 13.

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Data on U.S. weekly jobless claims will be released at 8:30 a.m. Eastern time. The report comes a day ahead of the key nonfarm payrolls report for July.

The European Central Bank kept its key lending rate unchanged at a record low of 1%. Attention now turns to the press conference of ECB President Jean-Claude Trichet, which is scheduled to begin at 8:30 a.m. Eastern.

"There is likely to be a large focus towards the ECB post-rate news conference as the market seeks more details on the outlook for the European recovery," said Joshua Raymond, market strategist at City Index, in a note to clients.

The Bank of England also made no change to monetary policy, leaving its key lending rate at a record low 0.5%.

Many U.S. retailers were reporting same-store sales for July. Costco Wholesale Corp. /quotes/comstock/15*!cost/quotes/nls/cost (COST 57.40, +1.06, +1.87%) said its July sales at stores open at least a year rose 6%. Analysts polled by Thomson Reuters had, on average, expected same-store sales to rise 5.5%.

PPL Corp. /quotes/comstock/13*!ppl/quotes/nls/ppl (PPL 27.72, +0.09, +0.33%) swung to second-quarter net income of $85 million, or 22 cents a share, from a loss of $7 million, or 2 cents a share, in the year-ago period.

Viacom Inc. /quotes/comstock/13*!via/quotes/nls/via (VIA 38.40, +0.34, +0.89%) said its second-quarter net income rose to $420 million, or 69 cents a share, from $277 million, or 46 cents a share, from the year-ago period.

Kraft Foods Inc. /quotes/comstock/13*!kft/quotes/nls/kft (KFT 29.75, +0.47, +1.61%) will release earnings after the market close.

European shares gain

The Stoxx Europe 600 index /quotes/comstock/22c!sxxp (ST:SXXP 262.45, +0.28, +0.11%) gained 0.5% in afternoon trading.

Mining giant Rio Tinto /quotes/comstock/13*!rtp/quotes/nls/rtp (RTP 54.72, +0.12, +0.22%) /quotes/comstock/23s!a:rio (UK:RIO 3,470, +58.00, +1.70%) said its first-half net profit soared to $5.85 billion and declared an interim dividend of 45 cents a share.

Banking group Barclays PLC /quotes/comstock/13*!bcs/quotes/nls/bcs (BCS 21.71, -0.10, -0.46%) /quotes/comstock/23s!a:barc (UK:BARC 326.65, -13.20, -3.88%) reported a 29% rise in first-half net profit, but the bottom line was muddied by one-off gains. Shares of Barclays dropped 2.7% in London trading. Read more about Barclays.

In Germany, Deutsche Telekom AG /quotes/comstock/11i!dteg.y (DTEGY 13.75, +0.09, +0.66%) /quotes/comstock/11e!fdte (DE:DTE 10.43, -0.08, -0.71%) said its second-quarter net profit fell 9% to 475 million euros ($626 million).

Consumer-goods giant Unilever /quotes/comstock/13*!ul/quotes/nls/ul (UL 29.33, +0.41, +1.42%) /quotes/comstock/13*!ul/quotes/nls/ul (UL 29.33, +0.41, +1.42%) /quotes/comstock/23s!e:ulvr (UK:ULVR 1,744, -87.00, -4.75%) reported a 40% jump in second-quarter net profit, but its performance still disappointed investors as lower sales prices hurt the group's margin. Its shares dropped 3.6% in London. Read more about Unilever's results.

Shares of oil giant BP PLC /quotes/comstock/13*!bp/quotes/nls/bp (BP 39.39, -0.61, -1.53%) /quotes/comstock/23s!a:bp. (UK:BP. 424.65, +3.00, +0.71%) gained 2% after the firm said it has received authorization to conduct cementing operations on the Macondo well in the Gulf of Mexico. The actions are part of the so-called static kill procedure to stop the flow of oil from the well.

Meanwhile, officials from the European Union and the International Monetary Fund said that the Greek economic program has "made a strong start."

The quantitative performance criteria have all been met, and important reforms are ahead of schedule, officials said after they completed their first review of the program. Read more about Greece's economy.

The euro /quotes/comstock/21o!x:seurusd (EURUSD 1.3213, +0.0061, +0.4638%) gained 0.3% to $1.3195. German manufacturing orders rose 3.2% in June compared to the previous month, exceeding economists' expectations, government data showed.

The dollar index /quotes/comstock/11j!i:dxy0 (DXY 80.63, -0.26, -0.33%) , which tracks the performance of the greenback against a basket of other major currencies, edged down 0.2% to 80.744.

In the commodity markets, gold futures gained $2.70 to $1,198.60 an ounce in electronic trading on the New York Mercantile Exchange. Oil futures edged lower to trade at $82.27 a barrel.

Asian stocks finished mostly higher, with Japan's Nikkei Stock Average index ending up 1.7%. However, China's Shanghai Composite index fell 0.7%.

Polya Lesova is a reporter for MarketWatch, based in Frankfurt.

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NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Thursday, Aug 5, 2010 :

STOCKS TRADING ON NYSE Arca AT A PRICE 15% OR MORE AWAY FROM
THE PREVIOUS TRADE DAY'S CONSOLIDATED CLOSE PRICE (AS OF 08:30:00 ET)

Stock Wednesday's Close Current Price Pct Change Current NYSE ARCA Vol
OCR $25.27 $20.00 (20.9%) 128,696
OWW $5.14 $5.97 16.2% 6,000
HAUP $2.08 $2.40 15.6% 11,421


10 MOST ACTIVE STOCKS ON NYSE ARCA AS OF 08:30:00 ET

BASED ON DOLLARS TRADED: | BASED ON SHARES TRADED:
Stock $ Volume Price PctChg | Stock Share Vol Price PctChg
SPY $65,872,415 $112.92 ( 0.0%) | C 3,601,780 $4.13 ( 0.1%)
BP $17,635,013 $40.54 2.9% | SPY 582,862 $112.92 ( 0.0%)
C $14,916,835 $4.13 ( 0.1%) | BP 432,421 $40.54 2.9%
IWM $9,784,914 $66.25 ( 0.1%) | ABK 361,094 $0.97 6.6%
RIG $8,578,225 $55.22 3.2% | SD 276,513 $5.63 ( 7.5%)
GLD $8,220,283 $117.12 0.3% | SIRI 154,950 $1.07 0.9%
AAPL $6,710,034 $263.02 0.1% | RIG 154,536 $55.22 3.2%
BHP $3,991,943 $75.35 0.4% | IWM 147,527 $66.25 ( 0.1%)
ARO $3,638,261 $24.75 ( 9.8%) | ARO 145,201 $24.75 ( 9.8%)
OCR $2,618,606 $20.00 (20.9%) | OCR 128,696 $20.00 (20.9%)


Price changes may be affected by symbol splits and dividends.

Consolidated close price is the last print (excluding prints with trade
conditions) prior to 4PM ET.

This information is also updated on our web page every morning at 8:35ET:
http://www.tradearca.com/data/volume/daily_update.asp

This material is for informational purposes only.
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Copyright [2010] by NYSE Euronext. All rights reserved. Reproduction and redistribution prohibited without prior express consent.

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