(Corrects to show Markit flash U.S. PMI to be released at 9:45
a.m. EDT, not 9:00 a.m.)
* Flash PMI, existing home sales data due
* Wisconsin Energy to buy Integrys for $9.1 bln
* Futures: Dow off 4 pts, S&P up 0.25 pt, Nasdaq off 2.25
By Chuck Mikolajczak
NEW YORK, June 23 U.S. stock index futures were
little changed on Monday, after a six-day rally in the benchmark
S&P 500, as upbeat manufacturing data in China was offset by
soft readings on business activity in Europe.
* The HSBC/Markit Flash China Manufacturing Purchasing
Managers' Index rose to 50.8 in June from May's final reading of
49.4, topping the 49.7 and edging above the 50-point level that
separates growth in activity from contraction for the first time
* But Markit's Composite Purchasing Managers' Index (PMI),
for the euro zone, fell to 52.8 from May's 53.5, well below the
estimate for 53.5 in a Reuters survey, with France being a
notable laggard showing contraction.
* The S&P 500 has risen for six straight sessions, its
longest streak since mid-April, to gain 1.7 percent over that
* Markit's flash PMI reading for the U.S. for June is due
out at 9:45 a.m. EDT (1345 GMT). Expectations call for a reading
of 56.5 for the month, just above the prior 56.4.
* Later in the session at 10:00 a.m. (1400 GMT). Existing
home sales data for May is due, with expectations for a rise to
an annual rate of 4.73 million units from 4.65 million in April.
* S&P 500 e-mini futures were up 0.25 point and fair
value - a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the contract
- indicated a flat open. Dow Jones industrial average e-mini
futures fell 4 points and Nasdaq 100 e-mini futures
lost 2.25 points.
* France won an option to buy 20 percent of Alstom
from construction group Bouygues on Sunday in an eleventh-hour
deal, clearing the way for the agreed sale of Alstom's energy
business to General Electric.
* Wisconsin Energy said it would buy Integrys Energy
Group Inc in a deal valued at $9.1 billion to create a
larger, more diverse Midwest electric and natural gas delivery
company. Integrys shares were up 16.3 percent to $70.90 in light
* European stocks dipped on the downbeat readings of euro
zone business while Asian stocks rose on encouraging data from
China's factory sector.
(Editing by Bernadette Baum)