US STOCKS-Futures flat ahead of Fed minutes; M&A eyed

* Fed minutes due at 1800 GMT

* Dow, S&P, Nasdaq e-minis up less than 0.1 pct each

By Rodrigo Campos

NEW YORK, April 8 (Reuters) – Dow Futures were little changed on Wednesday, with traders eyeing a $ 70 billion mega-deal in the energy space and ahead of minutes from the most recent meeting of the Federal Reserve’s policy-setting committee.

* Royal Dutch Shell said it would buy rival BG Group for $ 70 billion, closing the gap on market leader U.S. Exxon Mobil. U.S.-traded Shell shares fell 1.2 percent in the premarket after the announcement of the first major oil industry merger in more than a decade.

* Minutes from the Federal Open Market Committee’s March policy meeting, in which the Fed downgraded its economic growth and inflation projections while leaving the door open to kick-start its tightening path, are expected at 2 p.m. EDT (1800 GMT). Traders will search for clues on the central bank’s next move.

* Private equity firms Blackstone Group and Corsair Capital are in talks to acquire a major stake in First Eagle Investment Management, valuing the company at around $ 4 billion, including debt.

* Lions Gate shares fell 3.7 percent after the company announced a secondary offering of about 10 million shares by funds affiliated with MHR fund management, its largest shareholder.

* As the reporting season starts to gain momentum, first-quarter S&P 500 earnings are projected to show a decline of 2.8 percent from a year earlier, which would be the worst results since the third quarter of 2009.

Futures snapshot at 7:29 a.m. EDT (1129 GMT):

* S&P 500 e-minis were up 1.5 points, or 0.07 percent, with 91,871 contracts changing hands.

* Nasdaq 100 e-minis were up 3 points, or 0.07 percent, in volume of 14,119 contracts.

* Dow e-minis were up 11 points, or 0.06 percent, with 17,646 contracts changing hands.

(Aditional reporting by Tanya Agrawal; Editing by Lisa Von Ahn)

You may also like...

Rules of Discussion on US STOCKS-Futures flat ahead of Fed minutes; M&A eyed

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.
Loading comments …