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Wall Street futures mixed ahead of jobs report

Fri Oct 8, 2010 4:46am EDT

* U.S. stock index futures signalled a mixed opening for Wall Street on Friday, as investors stayed cautious ahead of a crucial job report which could determine whether more money supply measures will be introduced to spur the flagging economy.

* By 0823 GMT, futures for the S&P 500 SPc1 and for the Nasdaq NDc1 were down 0.1 percent and 0.2 percent respectively, while Dow Jones futures DJc1 futures were 0.1 percent higher.

* U.S. non-farm payrolls data, scheduled for release at 1230 GMT, is forecast to show the U.S. economy added no jobs in September, as shrinking government payrolls offset modest gains in private hiring, an outcome that could cement expectations of further Federal Reserve monetary action to spur the recovery. [ID:nN07151573]

* Private-sector payrolls were expected to show a rise of 75,000 jobs in September, while the unemployment rate is expected to tick up to 9.7 percent from 9.6 percent in August. [ID:nN05187700]

* Weak commodities and a firmer dollar pressured U.S. stocks on Thursday, but shares in Alcoa (AA.N) rose 3.2 percent in extended trade as the aluminium producer kicked off the U.S. corporate earnings season by reporting lower third-quarter profit but said global markets were strengthening. [ID:nN07149466]

* Micron Technology Inc (MU.O) missed quarterly earnings and revenue expectations as weak technology spending by corporations and consumers hurt PC memory chip prices. [ID:nN07158116]. The firm's shares shed 2 percent in after-hours trade to $6.97.

* Sanofi-Aventis (SASY.PA) dismissed suggestions by bid target Genzyme GENZ.O that it had opened the door to paying a higher price for the U.S. biotech firm, deepening an increasingly fractious takeover battle. [ID:nLDE6970H8]

* BP (BP.N) is restructuring its trading unit, one of the world's largest oil traders, to combat falling profitability and increase its exposure to newer markets such as China and India and newer supply areas in West Africa and Brazil, it said in an internal document seen by Reuters. [ID:nSGE6970BH]

* Amazon.com Inc (AMZN.O) is planning to open an applications store that runs on Google Inc's (GOOG.O) mobile Android platform, the Wall Street Journal reported. [ID:nN07169917]

* Israel signed a $2.75 billion deal on Thursday with the United States to buy about 20 Lockheed Martin (LMT.N) F-35 fighter jets, the first buyer outside the aircraft's nine-nation co-development group. [ID:nN07179864]

* On the economic front, the United States government posted a $1.29 trillion budget deficit for the fiscal year that ended Sept. 30, the nonpartisan Congressional Budget Office estimated on Thursday. [ID:nWEN0918]

* In the currency market, the dollar came under pressure again, losing some ground made from a bout of profit-taking on other currencies ahead of the jobs report and Group of Seven (G7) and IMF meetings later in the week.

* In Europe, the pan-European FTSEurofirst 300 .FTEU3 index of top shares was down 0.4 percent by 0823 GMT. (Reporting by Harpreet Bhal; Editing by Greg Mahlich)

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