* U.S. markets were set to rise on Thursday, bouncing after
a sharp fall in the previous session, and boosted by
forecast-beating results from Cisco .
* Markets were unlikely to regain all the ground lost on
Wednesday, with investors still worrying about debt levels and
weak growth rates on both sides of the Atlantic.
* At 0921 GMT, futures for the S&P 500 SPc1, Dow Jones
DJc1 and Nasdaq 100 NDc1 were up 1.2-1.6 percent.
* The FTSEurofirst 300 index of leading European
shares was up 1.3 percent at 921.24 points.
* Italian and Spanish stocks gained, as the European Central
Bank was seen buying Italian and Spanish government bonds again,
easing jitters over the two countries' ability to deal with
their debt problems.
* Anheuser-Busch InBev , the world's largest brewer,
warned of challenging times in its biggest market,the United
States, after beer prices rises there and in Brazil helped it
meet second-quarter profit forecasts.
* Weekly U.S. initial jobless claims were expected to stay
steady at 400,000, the same as the week before, according to a
* Sara Lee , the maker of Hillshire Farm lunch meat
and Senseo coffee, will likely give investors an update on its
planned separation when it reports quarterly earnings.
* Others reporting include Wendy's hamburger chain owner
Brinker International and department stores Nordstrom
and Kohls .
* Fear returned to Wall Street on Wednesday, triggered by
worries Europe's debt crisis could engulf French banks and spill
onto the U.S. financial sector.
* The Dow Jones industrial average lost 4.6 percent;
the S&P 500 fell 4.4 percent; the Nasdaq Composite
dropped 4.1 percent.
* After the bell, Cisco Systems chief executive John
Chambers gave Wall Street a set of quarterly results investors
could cheer about for the first time in over a year.
(Reporting by Brian Gorman; Editing by Dan Lalor)