LONDON, Sept 19 (Reuters) – Dow Futures pointed
to a moderately higher open on Wall Street on Wednesday, with
futures for the S&P 500 (SNP: ^GSPC – news) and Dow Jones (DJI: ^DJI – news) indexes up
0.3, and Nasdaq 100 (Nasdaq: ^NDX – news) futures up 0.4 percent at 0807 GMT.
* Japan (EUREX: FMJP.EX – news) ‘s Nikkei (Osaka: ^N225 – news) share average hit a four-month
closing high on Wednesday after Tokyo’s central bank eased
monetary policy to bolster an economy struggling with sluggish
global demand and fallout from a dispute with China.
* The Bank of Japan’s move, which follows recent monetary
stimulus plans by the U.S. Federal Reserve and the European
Central Bank (Other OTC: CBSU.PK – news) , also boosted oil and copper futures.
* European shares rose although gains were capped by
uncertainty over whether Spain would apply for a sovereign
bailout, which the country has to do before the ECB can
intervene in the bond markets to tame government borrowing
* The U.S. Commerce Dept. releases housing starts and
permits for August at 1230 GMT. Economists in a Reuters survey
forecast a 765,000 annualized rate versus 746,000 in July. A
total of 796,000 permits are expected in August compared with
811,000 in the prior month.
* Existing home sales for August, due at 1400 GMT, were
expected to come in at 4.55 million units on an annualised
basis, versus 4.47 million in July.
* Goldman Sachs Group Inc has named senior trading
executive Harvey Schwartz to replace David Viniar as chief
financial officer, the latest in a series of executive shuffles
as the investment bank prepares for a change in top management.
* Shareholders of News Corp will make their case in
a U.S. court on Wednesday for holding its board responsible for
phone hacking scandals that cost the company a major newspaper
and a deal for full control of the BSkyB (LSE: BSY.L – news) satellite
* Microsoft Corp (NasdaqGS: MSFT – news) raised its dividend by 15 percent
on Tuesday, marking a slowdown in the growth in payouts to
investors after a year marked by a downturn in computer sales
and a large write-off for a failed acquisition.
* Blackstone Group LP is nearing an agreement to buy
home security provider Vivint, according to three people
familiar with the matter, in a deal expected to value the
company at as much as $ 2 billion. An announcement could come as
early as Wednesday, according to a separate source familiar with
* Northrop Grumman (Dusseldorf: 957862.DU – news) and AgustaWestland, a unit of
Italy’s Finmeccanica SpA, said on Tuesday they were
joining forces to compete for the new U.S. Air Force Combat
Rescue helicopter and the U.S. Navy’s new “Marine One”
* Software (Frankfurt: SOWN.F – news) designer Adobe reports third-quarter
results, expected to show earnings per share rise to $ 0.58 from
$ 0.55 one year ago. The company also updates investors on the
progress it is making in persuading customers to buy its
software via subscription.
* The Dow Jones industrial average gained 11.54
points, or 0.09 percent, to end at 13,564.64 and the Standard &
Poor’s 500 Index dipped 1.87 points, or 0.13 percent, to
finish at 1,459.32.
* The Nasdaq Composite Index edged down 0.87 of a
point, or 0.03 percent, to end at 3,177.80, weighed down by
Advanced Micro Devices Inc (NYSE: AMD – news) , which tumbled 9.7 percent.