Friday, May 6, 2011

Future actions higher before the data key of payroll (Reuters)

NEW YORK (Reuters) - U.S. stock index futures advanced Friday after four consecutive days of losses, with investors waiting for U.S. Friday key payroll report all digest the impact of the fall in prices.

Future gross U.S. hangar 2.5 per cent to $97.27 and future of the ICE Brent lost 2% to $108.56, which extends a crash of 10 percent on Friday, then the money already received $34.23, its lowest level since March 18.

Exxon Mobil Corp. (XOM).(N) dipped 0.5% to $82,23 in light trade Premarket.

"It is not totally clear that the low price of oil is not only good for most stocks and it is possible that you could see a separation between what is happening in commodities - at least for a while - and some continued strength in the price actions." What you will end with if this continues, a change of direction, said Rick Meckler, President of LibertyView Capital Management in New York.

Wall Street stock prices has declined for a fourth day running Thursday as a sell-off mass of the products spilled to other markets, investors forcings of higher risk assets and the clatter of markets equities before Friday U.S. payroll data.

U.S. non-farm compensation, due to 8: 30 a.m., should have increased by either last month, according to a survey of economists Reuters. In March, payroll increased by 216 000 which was the biggest increase in 10 months.

The benchmark s & P 500 has fallen 2.1% this week on a string of soft economic data, which resulted in a decrease in the prices of raw materials Thursday as a door on the deterioration of the increased demand.

You want to see a good trend and anything that starts to interrupt this trend will cause some concern. "When the trend begins to move in the other direction, you could see a much greater correction of stocks that you see here," Meckler said.

Commodity stocks led the S & P to a gain of 4.5 percent earlier in the week after that index tested reference the level of technical support of 1 300 on April 18.

S & P 500 future gained 1.6 point and were above fair value, a formula which evaluates prices taking into account interest rates, dividends and the time of expiry of the contract. Dow Jones industrial average future added 15 points and Nasdaq 100 future increased 6.75 points.

Companies that have shown results Friday are Constellation Energy Group (CEG)(N), Northeast Utilities (NU).(N), Pepco Holdings (POM.)(N), with the Washington Post Company (WPO).(N) still wait for the report.

Through Thursday, with 421 companies & S P 500 reported a quarterly profit, 68 per cent had profits that beat Wall Street expectations, according to Thomson Reuters data.

European shares dipped as caution prevailed before the U.S. Payroll report which can point to a slowdown in momentum to the largest economy in the world. (.(EUROPEAN UNION)

Asian equities Xenopus save lows of the day as market players squared positions before the US Payroll data.

(Statement by Chuck Mikolajczak, Chizu Nomiyama-mounting)

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