Monday, May 16, 2011

Future of the stock index of the signal of losses at the beginning (Reuters)

NEW YORK (Reuters) - Stock index futures indicated an open lower on Wall Street Monday, with futures for the S & P 500 decreased by 0.3%, down 0.24% future Dow Jones and Nasdaq 100 future down 0.03% at 4: 30 p.m. (EDT).

Future of petroleum U.S. sliding to as low as $98.13 per barrel, as the euro fell to a minimum of seven weeks against the dollar on concerns renewed on the Greece sovereign debt woes.

European stocks were down in early trade Monday, with blue chip eurozone Euro STOXX 50 (.)(STOXX50E) index fell 1 percent to a minimum of one month on renewed jitters about a crisis of the debt of the region.

European banking stocks took a beating, with Deutsche Bank (DBKGn.DE) towards the bottom of 2.4 percent and Societe Generale (SOGN)(PA) decrease of 2.1%, while the index of the sector (.)(SX7P) reached a minimum of 5 1/2 months.

The euro passes close to a minimum of seven weeks against the dollar investors seeking clarity on how fresh talks on more aid for the countries of the euro area debt-stricken pourraient results. The euro skidded at the lowest level since late March at $1.4048 in Asian trade as news that the IMF Chief Dominique Strauss-Kahn had been accused of attempted rape added to uncertainty.

Meeting Monday, Finance Ministers of the euro area are likely to bailout for the Portugal, back with new conditions set by the Finland in talks overshadowed by the charges against Strauss-Kahn, while the meeting was also pressure Greece to announce austerity measures to get more emergency funding. [nLDE74E0N7]

Japanese Nikkei stock average hit a minimum of 1 month to end just below a level technical key Monday, injured by the volatile products and concerns about global growth.

On the front of the macro, the New York Federal Reserve launches its Empire State manufacturing Survey for may, while the National Association of Home Builders/Wells Fargo issues may index of the housing market.

On the earnings front, investors were waiting for results of J.C. Penney (JCP).(N) and Lowe (low.)(N).

US stocks ended in a second week of losses on a note of lower Friday, reflecting the growing concern that stocks are ready for a withdrawal.

The Dow Jones industrial average (.)(DJI) has taken end 100.17 points down, or 0.79%, to 12,595.75. The Standard & Poor 500 Index (.)(SPX) ends down 10.88 points or 0.81%, to 1,337.77. Nasdaq Composite Index (.)(IXIC) fell 34.57 points, or 1.21% to 2,828.47.

(Reported by Blaise Robinson.) (Editing by Hans Peters)

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