PARIS, Dec 5 (Reuters) - U.S. stocks were indicated to open
higher on Wednesday, with futures for the S&P 500 up 0.35
percent, Dow Jones up 0.43 percent and Nasdaq 100
up 0.41 percent at 0955 GMT.
* European shares resumed a recent sharp rally on Wednesday
after comments from China's new leader boosted global growth
* Chinese Communist Party chief Xi Jinping said the country
will maintain its fine-tuning of economic policies in 2013 to
ensure stable economic growth, sparking a sharp rally in Chinese
shares with the Shanghai Composite Index surging 2.9
* Xi listed tax reform, urbanization and allowing the market
to play a bigger role in setting resource prices as among his
* On the domestic front, investors awaited ADP's November
employment report, due at 1315 GMT. Economists in a Reuters
survey expect 125,000 jobs were created versus 158,000 in
October. Other data on Wednesday include factory orders and
ISM's November non-manufacturing index, both due at 1500 GMT.
* Repsol filed a U.S. lawsuit to block Chevron
Corp's deal with Argentina's YPF, ramping up
the Spanish oil company's legal response to the loss of its
assets in Argentina.
* Programmable chipmaker Altera Corp trimmed its
fourth-quarter revenue expectation citing fewer orders for its
older products, sending its shares down 2 percent after the
* Aerovironment Inc posted a better-than-expected
quarterly profit as its unmanned aircraft unit sold more
fixed-price products, sending its shares up 9 percent after the
* Pandora Media Inc lowered its fourth-quarter
guidance, blaming a pull-back by advertisers on concerns about
the U.S. budget, but analysts suggested it was due more to
* The U.S. Senate on Tuesday voted 98-0 to approve a
wide-ranging defense bill that authorizes $631.4 billion in
funding for the U.S. military, the war in Afghanistan and
* Walt Disney gave a much needed boost to Netflix
, becoming the first major Hollywood studio to use the
video service to bypass premium channels like HBO that
traditionally controlled the delivery of movies to TV
* The U.S. securities regulator is investigating a $10
million stock sale in March by Steven Fishman, chief executive
of close-out retailer Big Lots Inc who announced his
retirement on Tuesday, the Wall Street Journal reported, citing
a person familiar with the inquiry.
* U.S. stocks finished slightly lower in a quiet session on
Tuesday as the back-and-forth wrangling over the "fiscal cliff"
gave investors little reason to act.
* The Dow Jones industrial average fell 13.82 points,
or 0.11 percent, to 12,951.78 at the close. The Standard &
Poor's 500 Index dipped 2.41 points, or 0.17 percent, to
1,407.05. The Nasdaq Composite Index shed 5.51 points,
or 0.18 percent, to close at 2,996.69.