STOCKS NEWS US-Futures up on commodities, Home Depot outlook

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0800 ET 10June2009-Futures up on commodities, Home Depot outlook
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U.S. index futures rallied on Wednesday, lifted by a global stock market
rally and higher commodity and energy prices.

Sentiment was also boosted after Home Depot (HD.N) raised its 2009 profit
outlook. [ID:nN10426474]

Dow Jones industrial average futures DJc1 rose 98 points while S&P 500
futures SPc1 gained 11.9 points and Nasdaq 100 futures NDc1 were up 13
points.

S&P futures pared some gains after Russia said it would reduce the share of
U.S. treasuries in its gold and forex reserves and buy bonds issued by the
International Monetary Fund, a senior central bank official said on Wednesday.
[ID:nLA1036154]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0737 ET 10June2009-Home Depot raises outlook, shares up in premarket
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Shares of Home Depot Inc (HD.N) rose in premarket trading on Wednesday,
after the home improvement retailer raised its 2009 earnings outlook and
affirmed its sales expectations.

On an adjusted basis, it expects earnings per share from continuing
operations to fall by 20 percent to 26 percent, compared with its previous
forecast of a 26 percent decline.

For details, see [ID:nN10426356]

Shares of the Dow component rose 3.5 percent to $25.20 in premarket
trading.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0726 ET 10June2009-FDIC seeks to ease tensions with Citi: FT
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The Federal Deposit Insurance Corp (FDIC) is trying to ease tensions with
Citigroup Inc (C.N) after the regulator pushed to replace Chief Executive
Vikram Pandit, according to a report in the Financial Times.

FDIC Chairman Sheila Bair addressed Citigroup's board on Tuesday and called
for an end to the "squabbling" between the two sides, reminding the bank that
the FDIC was carrying out its normal regulatory duties, the paper reported.

For details, see [ID:nBNG192322]

Shares of Citi rose 3.2 percent to $3.52 in premarket trading.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0718 ET 10June2009-JPMorgan raises targets on Goldman, M. Stanley
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JPMorgan on Wednesday raised its price target on both Goldman Sachs Group
Inc (GS.N) and Morgan Stanley (MS.N), saying fixed income would be a big
earnings driver in 2009 and 2010.

"Besides our fixed income over equities preference, we seek gearing to
private banking with limited credit risk," the firm wrote.

Goldman's target was lifted to $150 from $120, while Morgan Stanley's was
raised to $33 from $28.

JPMorgan also upgraded Deutsche Bank AG (DB.N)(DBKGn.DE) to "neutral" from
"underweight."

For details, see [ID:nBNG431048]

Shares of Goldman rose 1.4 percent to $151.44 in premarket trading, while
Morgan Stanley closed Tuesday at $30.98. U.S.-listed shares of Deutsche Bank
rose 2.8 percent to $67.54 before the bell.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0714 ET 10June2009-Disney CFO sees some signs of stabilization
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Tom Staggs, the chief financial officer of Walt Disney Co (DIS.N), said
late Tuesday it was seeing "continued signs of stability in the marketplace,"
though consumers and ad buyers were still "cautious."

"We think that will continue for some time," Staggs told the Credit Suisse
Global Media and Communications Convergence Conference.

For details, see [ID:nN09407749]

Shares of the Dow component closed Tuesday at $25.33.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0701 ET 10June2009-Economic indicators for June 10
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Economic indicators on tap Wednesday include weekly Mortgage Bankers
Association purchase data and mortgage market data, weekly refinancing data,
April international trade figures and May data on the federal budget.

For details, see [ECI/US]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0655 ET 10June2009-Earnings diary for June 10
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Companies scheduled to report quarterly results on Wednesday include
Brown-Forman Corp (BFb.N), Hooker Furniture Corp (HOFT.O), Volt Information
Sciences Inc (VOL.N), Luby's Inc (LUB.N) and Isle of Capri Casinos Inc
(ISLE.O), among others.

For details, see [RESF/US]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
(Editing by Jeffrey Benkoe)