Economic Calendar

Monday, August 25, 2008

Futures point to weaker Wall St; home sales eyed

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* U.S. stock futures point to a slightly weaker Wall Street open after strong gains on Friday. By 0854 GMT, S&P 500 futures SPc1, Nasdaq 100 futures NDc1 and Dow Jones futures DJc1 were down 0.2 to 0.3 percent.

* A top Korean regulator on Monday voiced concern about state-run Korea Development Bank's [KDB.UL] interest in buying a global bank after KDB said on Friday it was open to such an acquisition and named Lehman as one of its options. Lehman stock in Frankfurt was down 7.5 percent. For more, double click on.

* No major company is due to announce Q2 results, but U.S. homes sales data, due at 1400 GMT, will be in focus.

* Federal Reserve Chairman Ben Bernanke said on Friday the stronger dollar and lower oil prices, along with the weak economy, should curb inflation, in a hint that interest rates should stay on hold, though he warned the inflation outlook is "highly uncertain".

* Investors will keep a close eye on energy and oils stocks, with crude prices CLc1 rising more than $1 to top $115 a barrel after Friday's 5.4 percent decline, the steepest since December 2004.

* The fallout from the credit crisis continues to make investors nervous, analysts said, adding investors increasingly believe in the likelihood of a federal bailout of home-funding giants Fannie Mae and Freddie Mac . (Reporting by Atul Prakash; editing by Rory Channing)


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