MarketWatch.com - Pre-Market Indications

Thursday, January 13, 2011

Indications: U.S. futures edge down as jobless claims rise

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

By Polya Lesova, MarketWatch

LONDON (MarketWatch) â€" U.S. stock futures edged lower on Thursday after data showed weekly jobless claims rose to the highest level in more than two months, raising concerns about the labor market.

Futures on the Dow Jones Industrial Average /quotes/comstock/21b!f:dj\h11 (DJH11 11,700, -8.00, -0.07%)  fell 23 points to 11,685 and S&P 500 futures /quotes/comstock/21m!f:sp\h11 (SPH11 1,281, -2.50, -0.19%)  slipped 1.80 points to 1,281.60.

Nasdaq 100 futures /quotes/comstock/21m!f:nd\h11 (NDH11 2,303, -1.75, -0.08%)  dropped 1.50 points to 2,303.20.

Bank of Korea’s rate surprise

South Korea joins the Asian trend of raising interest rates, surprising economists.

The declines came after a report said the number of U.S. workers who filed new applications for jobless benefits surged by 35,000 last week to 445,000. A government official attributed the sharp increase largely to administrative backlogs.

Separately, data showed a 1.1% rise in December producer prices and a narrowing of the U.S. trade deficit by 0.3% in November to $38.3 billion.

Later in the day, Federal Reserve Chairman Ben Bernanke will speak at a small-business lending forum.

European markets were mostly lower after the previous session’s rally. The Stoxx Europe 600 index /quotes/comstock/22c!sxxp (ST:STOXX600 284.34, -1.45, -0.51%)  fell 0.5% in intraday trading.

Bucking the negative trend, Spain’s benchmark index rose 2.4%, as shares of BBVA /quotes/comstock/13*!bbva/quotes/nls/bbva (BBVA 10.30, +1.09, +11.83%)   /quotes/comstock/06x!e:bbva (ES:BBVA 8.30, +0.53, +6.78%)  surged nearly 7%.

The Spanish government sold 3 billion euros ($3.9 billion) in five-year bonds, though its borrowing costs rose compared to a November auction. Italy also successfully conducted a bond sale.

“There shouldn’t be any major surprises in these auctions as the process is being heavily managed by the authorities, but the level of yields/participation in these deals are worth noting,” Deutsche Bank said in a note published ahead of the auctions.

The euro gained 1% to $1.3242.

The dollar index /quotes/comstock/11j!i:dxy0 (DXY 79.47, -0.57, -0.71%) , which tracks the performance of the greenback against a basket of other major currencies, slipped 0.5% to 79.590, adding to losses after the U.S. economic data was released.

ECB’s Trichet in spotlight

The Bank of England left its benchmark interest rate unchanged at 0.5% and it also kept its bond-buying program on hold.

The European Central Bank also kept monetary policy steady, as expected. The market is now focusing on ECB President Jean-Claude Trichet’s press conference, which started at 8:30 a.m. Eastern.

Trichet is certain to be asked about the ECB’s role in the euro-zone bond markets and its plans about an eventual exit from its accommodative monetary policy given rising inflationary pressures.

Shares of Marathon Oil Corp. /quotes/comstock/13*!mro/quotes/nls/mro (MRO 40.53, +0.81, +2.04%)  rallied 11% in premarket trade after the company said its board of directors has approved a plan to split the company in two.

Shares of insurance giant American International Group Inc. /quotes/comstock/13*!aig/quotes/nls/aig (AIG 58.40, -0.64, -1.08%)  may see active trading after the firm said late Wednesday that it expects to close its recapitalization Friday and repay the U.S. government fully for the aid it received during the financial crisis.

In other news, home furnishings group Williams-Sonoma Inc. /quotes/comstock/13*!wsm/quotes/nls/wsm (WSM 34.18, +0.21, +0.62%)  raised its outlook for fiscal fourth-quarter earnings and said same-store sales in the eight-week period to Dec. 26 rose 5%.

U.S.-listed shares of Infosys Technologies Ltd. /quotes/comstock/15*!infy/quotes/nls/infy (INFY 76.68, +1.48, +1.97%)  slipped 5.5% in thin premarket trading after the Indian IT services group reported weaker-than-expected quarterly results.

After the U.S. market closes, chip giant Intel Corp. /quotes/comstock/15*!intc/quotes/nls/intc (INTC 21.30, +0.25, +1.20%)  is expected to report fourth-quarter earnings of 53 cents a share, according to a survey of analysts by FactSet Research.

In Asia overnight, stock markets finished mostly higher, with Japan’s Nikkei Stock Average rising 0.7%.

And in the commodity markets, oil futures fell 31 cents to $91.55 a barrel in electronic trading on Globex and gold futures were flat at $1,385 an ounce.

The blue-chip Dow index /quotes/comstock/10w!i:dji/delayed (DJIA 11,755, +83.56, +0.72%)  rose 0.7% to end at 11,755.44 on Wednesday, posting its highest close since August 2008.

Polya Lesova is chief of MarketWatch’s London bureau.

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NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Thursday, Jan 13, 2011 :

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
LEDS $28.39 $19.76 (30.4%) 94,159
EXFO $7.60 $8.95 17.8% 5,150


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
C $31,040,921 $5.09 0.4% | C 6,088,217 $5.09 0.4%
SPY $26,034,737 $128.71 0.1% | BAC 603,437 $15.03 0.4%
MRO $25,053,250 $45.33 11.8% | MRO 557,162 $45.33 11.8%
GLD $22,278,577 $134.90 ( 0.4%) | SPY 202,290 $128.71 0.1%
AAPL $16,224,309 $345.30 0.3% | MU 180,145 $9.83 5.3%
BHP $12,914,358 $91.38 0.4% | NBG 169,149 $1.73 1.8%
BAC $9,069,742 $15.03 0.4% | STD 167,201 $11.33 4.0%
FXE $8,403,558 $131.57 0.6% | GLD 165,110 $134.90 ( 0.4%)
BP $7,406,639 $48.30 1.3% | S 163,689 $4.43 0.4%
HBC $4,901,876 $56.63 0.6% | F 158,796 $18.84 0.6%


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.
NYSE Euronext and its affiliates ("NYSE Arca") are not soliciting any action based upon it.
This material is not to be construed as an offer to buy or sell any security in any jurisdiction where such an offer or solicitation would be illegal.
Any opinions expressed in this material are NYSE Arca opinions only.
NYSE Arca undertakes no obligation to update any of the information contained in this material in light of new information or future events.
THIS MATERIAL IS PROVIDED BY NYSE ARCA "AS IS" AND WITHOUT WARRANTIES EXPRESS OR IMPLIED.
NYSE ARCA DISCLAIMS ALL WARRANTIES INCLUDING THE IMPLIED WARRANTIES OF MERCHANTIBILITY, TITLE, AND FITNESS FOR A PARTICULAR PURPOSE AS TO THIS MATERIAL.
IN NO EVENT SHALL NYSE ARCA BE LIABLE FOR DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER (INCLUDING BUT NOT LIMITED TO, LOST PROFITS, TRADING LOSSES AND DAMAGES THAT MAY RESULT FROM THE USE
OF THIS MATERIAL, ANY DELAY OR INTERRUPTION OF SERVICE OR OMISSIONS OR INACCURACIES IN THE MATERIAL) WITH RESPECT TO THIS MATERIAL.

Copyright [2011] by NYSE Euronext. All rights reserved. Reproduction and redistribution prohibited without prior express consent.

Indications: U.S. futures edge down ahead of jobs, trade data

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

By Polya Lesova, MarketWatch

LONDON (MarketWatch) â€" U.S. stock futures edged lower on Thursday, as caution dominated ahead of data on the labor market and international trade.

Futures on the Dow Jones Industrial Average /quotes/comstock/21b!f:dj\h11 (DJH11 11,695, -13.00, -0.11%)  slipped 14 points to 11,694 and S&P 500 futures /quotes/comstock/21m!f:sp\h11 (SPH11 1,281, -2.30, -0.18%)  fell 1.70 points to 1,281.70.

Nasdaq 100 futures /quotes/comstock/21m!f:nd\h11 (NDH11 2,303, -1.50, -0.07%)  dropped 1.25 points to 2,303.20.

Bank of Korea’s rate surprise

South Korea joins the Asian trend of raising interest rates, surprising economists.

The blue-chip Dow index /quotes/comstock/10w!i:dji/delayed (DJIA 11,755, +83.56, +0.72%)  rose 0.7% to end at 11,755.44 on Wednesday, posting its highest close since August 2008.

On the economic front, data on weekly jobless claims, December producer prices and November international trade will be released at 8:30 a.m. Eastern time on Thursday.

Later in the day, Federal Reserve Chairman Ben Bernanke will speak at a small-business lending forum.

European markets were mixed after the previous session’s rally. The Stoxx Europe 600 index /quotes/comstock/22c!sxxp (ST:STOXX600 284.15, -1.64, -0.57%)  fell 0.5% in intraday trading, while Spain’s benchmark index rose 2%, as shares of Banco Santander SA /quotes/comstock/06x!e:san (ES:SAN 8.53, +0.29, +3.56%)   /quotes/comstock/13*!std/quotes/nls/std (STD 10.89, +1.22, +12.61%)  surged nearly 5%.

The Spanish government sold 3 billion euros ($3.9 billion) in five-year bonds, though its borrowing costs rose compared to a November auction. Italy also successfully conducted a bond sale.

“There shouldn’t be any major surprises in these auctions as the process is being heavily managed by the authorities, but the level of yields/participation in these deals are worth noting,” Deutsche Bank said in a note published ahead of the auctions.

The euro gained 0.3% to $1.3162 following the auctions. The dollar index /quotes/comstock/11j!i:dxy0 (DXY 80.11, +0.08, +0.09%) , which tracks the performance of the greenback against a basket of other major currencies, was nearly flat at 79.946.

ECB’s Trichet in spotlight

The Bank of England and the European Central Bank are both expected to keep monetary policy on hold Thursday. The market’s focus will be on ECB President Jean-Claude Trichet’s press conference, which will start at 8:30 a.m. Eastern.

Trichet is certain to be asked about the ECB’s role in the euro-zone bond markets and its plans about an eventual exit from its accommodative monetary policy given rising inflationary pressures.

Shares of insurance giant American International Group Inc. /quotes/comstock/13*!aig/quotes/nls/aig (AIG 58.40, -0.64, -1.08%)  may see active trading after the firm said late Wednesday that it expects to close its recapitalization Friday and repay the U.S. government fully for the aid it received during the financial crisis.

After the U.S. market closes, chip giant Intel Corp. /quotes/comstock/15*!intc/quotes/nls/intc (INTC 21.30, +0.25, +1.20%)  is expected to report fourth-quarter earnings of 53 cents a share, according to a survey of analysts by FactSet Research.

In Asia overnight, stock markets finished mostly higher, with Japan’s Nikkei Stock Average rising 0.7%.

And in the commodity markets, oil futures fell 15 cents to $91.71 a barrel in electronic trading on Globex and gold futures slipped $6.10 to $1,379.80 an ounce.

Polya Lesova is chief of MarketWatch’s London bureau.

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