LONDON, March 8 U.S. stock index futures pointed
to a higher open on Wall Street on Friday, with traders citing
expectations of a further pick-up in U.S. employment data that
may buoy equity markets.
The futures for the S&P 500 rose 0.3 percent, while
the Dow Jones futures advanced 0.4 percent and the Nasdaq
100 futures gained 0.3 percent.
The publication of U.S. non-farm payrolls employment data at
1330 GMT will be a key event for many investors on Friday.
Employers are expected to have added 160,000 jobs to their
payrolls last month, picking up slightly from January's 157,000
count, according to a Reuters survey of
European shares rose early on Friday with investors
anticipating a stronger U.S. jobs reading, while unprecedented
central bank monetary policy support kept equities around
The pan-European FTSEurofirst 300 index rose 0.4
percent, while MSCI's world shares index hit its
highest level since June 2008.
Google's Motorola Mobility unit is to shed another
1,200 jobs or 10 percent of its workforce as the smartphone
maker tries to return to profitability, Google said on Friday.
Facebook Inc introduced the biggest change in years
to its popular newsfeed on Thursday, with a new look and focus
on photos that is expected to make the social network more
ad-friendly and may entice users to spend more time on the
ConocoPhillips plans to drill up to two exploration
wells in remote Arctic waters next year and is undeterred by
numerous setbacks suffered there by rival Royal Dutch Shell Plc
, a Conoco official said Thursday.
JPMorgan Chase & Co is pulling out of the panel that
sets Australia's benchmark interbank lending rates, joining UBS
in an exodus from regional rate setting panels in the
wake of the Libor rate rigging scandal.
Fidelity Investments, the largest U.S. provider of workplace
retirement plans, is facing more accusations it improperly uses
customer money earned in overnight accounts to pay its own
Continental Grain Co, one of the biggest shareholders of
Smithfield Foods Inc, has sent a letter to the board
urging it to consider splitting the leading U.S. hog producer
into three units.