US STOCKS-Futures tick higher ahead of payrolls data
* Monthly employment data due at 8:30 a.m. (1330 GMT)
* Starbucks raises financial forecasts, shares rise
* For up-to-the-minute market news, click [STXNEWS/US]
NEW YORK, Nov 6 (Reuters) - U.S. stock index futures were slightly higher on Friday as investors awaited monthly payrolls data and the unemployment rate, key indicators to determine the strength of the economic recovery.
* With the data due at 8:30 a.m. EST (1330 GMT), a Reuters survey of 76 economists forecast U.S. non-farm employers cut 175,000 workers from their payrolls in October, which would be the smallest amount for any month since August 2008. The unemployment rate is expected to have climbed to 9.9 percent in October from 9.8 percent in September. For details, see[ID:nN03495528]
* Starbucks Corp (SBUX.O) rose more than 4 percent in light premarket trading after the coffee chain operator raised its 2010 forecasts and posted expectations-topping fourth-quarter profit on Thursday. [ID:nN05135925]
* S&P 500 futures SPc1 were up 1.4 points and slightly above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures DJc1 gained 16 points, and Nasdaq 100 futures NDc1 added 2.25 points.
* Companies scheduled to report quarterly results include bailed-out insurer American International Group Inc (AIG.N), utility Edison International (EIX.N) and Scripps Networks Interactive Inc (SNI.N), which owns HGTV and Food Network cable channels and plans to buy a controlling stake in the Travel Channel.
* British Finance Minister Alistair Darling said G20 policymakers have agreed it is too early to pull the plug on economic life-support packages as the global recovery is still fragile. Darling is hosting the meeting of Group of 20 finance ministers and central bankers in St. Andrews, Scotland, later Friday. [ID:nLAG005901]
* European shares edged up Friday ahead of the U.S. jobs data, with Royal Bank of Scotland Plc (RBS.L)(RBS.N) and British Airways Plc (BAY.L) rallying. RBS reported improved quarterly results, while analysts said the worst could be over as BA signaled business was stabilizing. [ID:nL6671701] and[ID:nL6071715]
* The S&P 500 ended up for a fourth straight day Thursday and the Dow rose above 10,000, as economic data boosted confidence in the recovery and strong results from Cisco Systems (CSCO.O) suggested a rebound in technology spending.
* The Dow Jones industrial average .DJI jumped 203.82 points, or 2.08 percent, to end at 10,005.96. The Standard & Poor's 500 Index .SPX gained 20.13 points, or 1.92 percent, to 1,066.63. The Nasdaq Composite Index .IXIC rose 49.80 points, or 2.42 percent, to close at 2,105.32.
(Editing by Jeffrey Benkoe)
