Economic Calendar

Thursday, September 25, 2008

U.S. index futures point to higher Wall St open

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* Futures for the Dow Jones industrial average DJc1, the S&P 500 SPc1 and the Nasdaq 100 NDc1 are up 0.7-1.3 percent at 1000 GMT, pointing to a stronger start on Wall Street after declines in the previous session.

* Congress looks close to reaching a deal to approve a $700 billion plan to bail out the U.S. financial system and President George W. Bush has called an emergency meeting for Thursday to hammer out details.

* The move toward a deal will likely calm U.S. markets, which remained on tenterhooks on Wednesday as negotiations dragged on.

* Investors await U.S. durable goods data and 4-week jobless claims at 1230 GMT.

* Shares of Nike (NKE.N: Quote, Profile, Research, Stock Buzz) rose more than 5 percent in extended trade on Wednesday after earnings from the world's largest athletic footwear and apparel company beat Wall Street estimates.

* A spike in trading volumes after a short-selling ban by U.S. regulators caused glitches that led to electronic exchanges cancelling trades last Friday, the Wall Street Journal said.

* The Commodity Futures Trading Commission confirms that there is an investigation into possible market manipulation in the silver market, the newspaper added. (Editing by Quentin Bryar)




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