04:26
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NEW YORK (Reuters)-advanced Thursday before labor market data, which can provide investors with clues about the key payrolls report on Friday, stock index futures.
It was expected the national employment report of ADP set to be released at 8:15 to show the increased U.S. private hire 68,000 in June after 38.000 in may, a month that probably had temporary factors, such as layoffs by car crashes. Will also give an important signal regarding the health of the market sector of service.
Weekly initial jobless claims due to 8:30 of the morning are expected to have fallen into some 420,000 in the week ending 2 July, by 428.000 claims the previous week.
Investors can also be optimistic about a resolution to debate U.S. debt ceiling as President Barack Obama and Congressional leaders were aiming for "something big" when budget talks resume on Thursday to ward off an imminent default after weeks of stalemate.
S & P 500 futures rose 4 points and above fair value, a formula which evaluates prices taking into account interest rates, dividends and expiration time on the contract. Dow Jones industrial average futures gained 31 points and Nasdaq 100 futures added 6.25 points.
Dealers will also be in focus as the release of monthly sales data. Healthy sales gains report for June, aided by opportunities that drew buyers contending with high gasoline prices and a shaky economy should exceed the United States retailers.
U.S. warehouse club operator Costco Wholesale Corp. (cost.O) posted an increase of 14 percent higher than expected June sales at stores open at least a year, helped by sales of gasoline more expensive and strengthening of foreign currencies.
The New York Stock Exchange was to take a crucial step towards control of a transferee company on Thursday, with little opposition expected by investors. NYSE Euronext (NYX.N) shareholders were voting on whether to run a 9.4 billion dollar acquisition of the company that owns the NYSE from Deutsche Boerse (DB1Gn.DE). The deal was expected to get the necessary majority support of 50 percent by investors, including t. Rowe Price and other large companies to fund us.
European shares rose, reversing the previous session's fall, with trading thin before the visas of rate-setting meeting of the European Central Bank. (.EU)
The European Central Bank is almost certain to raise interest rates later Thursday and will not let up in its insistence that Governments solve the debt crisis in Greece without triggering a debt default.
In Asia, Bank of China stocks rebounded on hopes of a short term break in tightening of policy.
Transport stocks were among the standouts on another flat session Wednesday for U.S. equities and manifestation of the area could be cause for optimism.
(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)
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