Wednesday, December 1, 2010

rising U.S. Stock index futures Before Output Data

U.S. Stock index futures rose, indicating that 500 of Standard & Poor's put an end to a fall three days before a report that may show manufacturing in the U.S. economy grew in November.

United Technologies Corp. rose 1.2 percent in the German operations of Airbus SAS said it planned to sell A320 aircraft with an engine company. Motorola Inc. rose 1.7 percent after saying it will split in two in January. Google Inc. gained 0.7 percent after a person familiar with the company's plans said the world's largest search engine will open an online store for hundreds of thousands of electronic books.

Futures on the S & P 500, which expires this month rose 1.1 percent to 1,192.6 at 7:49 am in New York. Dow Jones Industrial Average futures rose 1 percent to 11,107 and Nasdaq futures-100 Index advanced 0.9 percent to 2,136.5.

"In spite of sovereign debt problems continue to weigh on the outlook for the euro area, the history of U.S. recovery is strengthening," wrote James Knightley, economist at ING Financial Markets in London, in a note. "ISM today should follow the trend of strong data."

Today's factory index from the Institute for Supply Management's U.S. manufacturing show expanded for 16 consecutive months in November, a sign that the U.S. economy continues to recover.

Economists forecast a reading of 56.5, little changed in the five-month rate of 56.9 in October, according to the median estimate in a survey. Readings above 50 signal growth. A separate report may show construction spending fell. Both reports are due at 10 am New York.

Employment Report

Another report from ADP Employer Services at 8:15 am U.S. companies may submit added the most jobs in November from the recession began in December 2007. Finally, the Federal Reserve will release its report on regional economic activity, known as the Beige Book, at 2 pm

"This is interesting as we approach Friday's official release payroll as market expectations of 155,000, in conjunction with the October increase of 159,000, representing the largest increase of twice a month on the job since March and April year, "Adrian Foster, director of financial market research for Asia at Rabobank Groep NV in Hong Kong, wrote in a note.

China Manufacturing

Today, the federation of China reported that the logistics of the country's manufacturing industry grew at a faster pace for the fourth consecutive month in November. The federation Purchasing Managers' Index rose to 55.2 last month, the fastest pace in seven months, from 54.7 in October. That exceeded the median forecast of 54.8 from economists surveyed by us.

The S & P 500 fell 0.6 percent yesterday, taking the measure to a decline of 0.2 percent in November, as concern mounted that Europe's crisis of government debt will get worse and Google is facing an antitrust investigation.

The Federal Reserve, under orders from Congress, today identified, which received $ 3.3 billion in emergency aid that the central bank, as always fought against the worst financial crisis since the Great Depression.

The Fed intends to publish data on its website at noon in Washington to comply with a provision in the Dodd-Frank legislation in July that examined the financial regulation. The information spans six programs of loans and currency swaps with other central banks, purchases of securities backed by mortgages and bailouts of Bear Stearns Cos. and American International Group Inc.

United Technologies earnings

United Technologies, which makes the Pratt & Whitney jet, increased 1.2 percent to $ 76.19 after Airbus said it plans to offer geared turbofan engine A320-Pratt & Whitney to help defend their participation market for single-aisle aircraft.

Motorola, the U.S. manufacturer mobile phones and two-way radios, rising 1.7 percent to $ 7.79 in early New York Stock Exchange after it said that the business will be split in two on Jan. 4, the issue of new shares in both companies to their existing shareholders.

Motorola investors receive one share of Motorola Mobility Holdings Inc., the new phone business, for every eight shares they currently own, the Schaumburg company, based in Illinois, said in a statement after the market closed yesterday. Motorola then swap to seven old shares for each new share in the remaining company, increasing the value of the action by a proportional amount.

Google, OmniVision

Google gained 0.7 percent to $ 559.75 in New York. The world's most popular search engine will open an online store for electronic versions of books in the U.S. this year, and internationally in 2011, according to a person familiar with the plans of the company.

OmniVision Technologies Inc. rose 8.3 percent to $ 30.64 in German trading. The maker of image sensors for camera phones forecast third-quarter profit of as much as 63 cents per share, beating the average 40 cents analysts estimates.

American Express Co. advanced 0.5 percent to $ 43.44 in Germany. JPMorgan Chase & Co. initiated coverage of the largest U.S. credit issuers, card purchases with an "overweight" recommendation and a price tag of $ 50, said in a note that "we expect that the model passes American Express driven to beat the credit-driven models in an environment where consumers are cutting leverage. "

JPMorgan Chase advanced 0.8 percent to $ 37.68 after gains in shares of European banks today.

Health Care REIT Inc. fell 2.4 percent to $ 45.18 in real estate fund that invests in housing and health goods said it would sell 9 million shares. The company said it would use the proceeds to buy more property.

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