LONDON Dec 18 U.S. stock index futures pointed
to a higher open on Wall Street on Tuesday, with futures for the
S&P 500 rising 0.4 percent. The Dow Jones futures
were up 0.2 percent and Nasdaq 100 futures were up 0.4
percent at 0915 GMT.
Expectations that U.S. politicians were closer to a deal to
avoid a looming "fiscal cliff" of steep tax hikes and spending
cuts that could hurt the U.S. economy enabled European shares to
rise on Tuesday, tracking overnight gains on Wall Street.
The pan-European FTSEurofirst 300 index was up by
0.4 percent at 1,137.30 points.
Hopes of a "fiscal cliff" deal grew on Monday night as
President Barack Obama made a counter-offer to Republicans that
included a major change in position on tax hikes for the
wealthy, according to a source familiar with the
The Bank of Japan was also set to ease monetary policy this
week and consider adopting a 2 percent inflation target no later
than in January, sources said, responding to pressure from next
Prime Minister Shinzo Abe for stronger efforts to beat
American International Group Inc raised $6.45 billion from
the sale of its remaining stake in AIA Group Ltd in Asia's
second-largest block sale ever, exiting a business the U.S.
insurer started nearly 100 years ago.
* APPLE /GOOGLE
A U.S. judge on Monday denied Apple Inc's request for a
permanent injunction against Samsung Electronics'
smartphones, depriving the iPhone maker of key leverage in the
mobile patent wars.
Wal-Mart Stores Inc's Mexican affiliate routinely
used bribes to open stores in desirable locations, according to
a New York Times investigation published Monday, which cites 19
instances of the retail giant paying off local officials.
* KNIGHT CAPITAL
Electronic trading firm Knight Capital Group is considering
two competing acquisition offers following a board meeting on
Monday that included presentations from suitors Getco Holding
LLC and Virtu Financial LLC, sources familiar with the talks
* U.S. Q3 current account deficit figures are due to be
released at 1330 GMT. Economists in a Reuters survey forecast a
$103.4 billion deficit versus a deficit of $117.4 billion in Q2.
* Major U.S companies reporting results include software
group Oracle and investment bank Jefferies.
* The Dow Jones industrial average rose 100.38
points, or 0.76 percent, to 13,235.39. The Standard & Poor's 500
Index advanced by 16.78 points, or 1.19 percent, to
1,430.36, its highest close since Oct. 22. The Nasdaq Composite
Index rose 39.27 points, or 1.32 percent, to 3,010.60.
(Reporting by Sudip Kar-Gupta/Chris Pizzey, London MPG Desk,
+44 (0)207 542-4441)