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| US STOCKS-Wall St set to drift at four-month highs | REUTERS | |
* Chinese data leaves door open for more stimulus * National Oilwell Varco to buy Robbins & Myers * Weekly jobless claims unexpectedly fall last week * Futures: Dow up 10 pts, S&P off 1 pt, Nasdaq up 5 pts By Rodrigo Campos NEW YORK, Aug 9 (Reuters) - Wall Street was set to open little changed on Thursday as hopes about European Central Bank action to tackle the bloc's crisis grew stale, giving way to angst after European and U.S. equity benchmarks hit multi-month highs. However, Chinese economic data kept alive talk that central banks will intervene to support the global economy as annual growth in factory output slowed to its weakest in more than three years in July while annual consumer price inflation hit a 30-month low. The S&P 500, up for five weeks and also near four-year highs, has risen as investors bet central banks, including the Federal Reserve, will soon act in support of a stalling global economic recovery. "The Europeans indicated their strong support but have yet to take any actual action, the Fed has indicated strong support but is yet to take any action, leaving professional investors fearful of shorting the market," said Rick Meckler, president of LibertyView Capital Management in New York. "There's individual stock stories that will continue to impact industries, but absent that there really isn't much to move this." Government data showed the number of Americans filing new claims for unemployment insurance unexpectedly fell last week, suggesting a modest improvement in the labor market. S&P 500 futures fell 1 point and were slightly below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures were up 10 points and Nasdaq 100 futures added 5 points. The S&P closed Wednesday at its highest since early May and Europe's FTSEurofirst 300 was at a four-month high. Kohl's Corp reported a better-than-expected second-quarter profit despite weak sales as the department store chain reined in its costs, but its shares fell 1.8 percent premarket. News Corp shares fell 3.3 percent in light premarket trading a day after the media giant posted a quarterly loss. Beauty products maker Elizabeth Arden forecast 2013 profit above estimates on stronger sales and its shares jumped 15 percent in light trading. Nestle, the world's biggest food group, said first-half results beat expectations and it expects pressure from the high prices of basic foodstuffs to ease in the second half of the year. Its shares, traded in Switzerland, rose 3 percent. Shares of Robbins & Myers jumped 27 percent in premarket trading as National Oilwell Varco said it will buy Robbins & Myers for $2.54 billion in cash. Several private equity firms that have been approached to join in a buyout of Best Buy are sitting on the fence, private equity sources said, citing the lack of a tangible plan by the retailer's founder Richard Schulze, and doubts about his ability to pull the deal off. |
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| Domestic Market Reports | |
| GLOBAL MARKETS-Asian stocks cheered by Fed reassurance, yen awaits BOJ | 22 May, 2013 |
| US STOCKS-Dow, S&P end at records on Fed officials' reassurance | 22 May, 2013 |
| US STOCKS SNAPSHOT-Dow, S&P end at records on Fed officials' remarks | 22 May, 2013 |
| US STOCKS-Wall Street advances as Home Depot, JPMorgan buoy Dow | 22 May, 2013 |
| US STOCKS-Wall St advances as Home Depot, JPMorgan buoy Dow | 22 May, 2013 |
| European shares stall near peaks, await Fed reassurance | 22 May, 2013 |
| UPDATE 3-IT firm iGate sacks CEO over undisclosed relationship | 22 May, 2013 |
| European shares hold below peaks, await Fed reassurance | 22 May, 2013 |
| US STOCKS-Wall St drifts near record, Home Depot buoys Dow | 22 May, 2013 |
| European shares erase losses after Wall St open | 22 May, 2013 |
| International Market Reports | |
| Nikkei edges up to new 5-1/2-yr high as retail investors pick up bargains | 22 May, 2013 |
| Goldman exits China's ICBC, seven years and billions later | 22 May, 2013 |
| Nikkei hits new 5 1/2-year high on real estate, agricultural shares | 22 May, 2013 |
| Tata Comm to delist from NYSE | 22 May, 2013 |
| Emerging market growth expectations hit 7-month low | 22 May, 2013 |
| Buffett devotees stick by him even as growth slows | 22 May, 2013 |
| Credit Suisse says ex-VP stole trade secrets in move to Goldman | 22 May, 2013 |
| U.S. may charge JPMorgan for power market manipulation - analysts | 22 May, 2013 |
| Berkshire profit rises 51 percent, shares at record high | 22 May, 2013 |
| Warren Buffett calls for America's men to boost women in business | 22 May, 2013 |
| Top Movers | ||
| BSE - May 21, 12:00 AM | A B1 B2 | |
| Company Name | Current |
Change % |
| Garware-Wall Ro | 45.95 |
4.43
|
| Crompton Greave | 105.15 |
2.99
|
| Nestle India Lt | 5246.30 |
2.78
|
| Gujarat Alkalie | 186.05 |
2.34
|
| Bharat Heavy El | 205.60 |
1.83
|
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| Top Movers | ||
| NSE - May 21, 12:00 AM | ||
| Company Name | Current |
Change % |
| Garware-Wall Ro | 60.85 |
43.85
|
| H B Stockholdin | 11.70 |
23.81
|
| Khaitan Electri | 83.80 |
22.43
|
| Sentinel Tea an | 12.00 |
20.00
|
| Madhav Marbles | 18.10 |
19.87
|
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| Worst Shakers | ||
| BSE - May 21, 12:00 AM | A B1 B2 | |
| Company Name | Current | Change % |
| Kesoram Industr | 73.95 |
4.83
|
| Thomas Cook (In | 59.15 |
4.21
|
| Voltas Ltd. | 89.05 |
3.63
|
| Mahanagar Telep | 22.10 |
3.28
|
| Thermax Ltd. | 583.25 |
2.65
|
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| Worst Shakers | ||
| NSE - May 21, 12:00 AM | ||
| Company Name | Current |
Change % |
| GMR Industries | 20.35 |
60.94
|
| Lumax Automotiv | 13.50 |
31.30
|
| Rajvir Industri | 48.05 |
27.20
|
| Electro Therm ( | 18.00 |
24.69
|
| Simbhaoli Sugar | 17.80 |
22.94
|
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| Top Volume | ||
| BSE - May 21, 12:00 AM | A B1 B2 | |
| Code | Current |
Volume |
| Hindalco Indust | 110.30 |
9230948
|
| Adani Power Ltd | 60.65 |
5502044
|
| Housing Develop | 58.65 |
5144177
|
| Reliance Power | 81.00 |
4596404
|
| Unitech Ltd. | 29.10 |
3834618
|
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| Top Volume | ||
| NSE - May 21, 12:00 AM | ||
Code |
Current |
Change |
| Unitech Ltd. | 29.15 |
35493064
|
| Jaiprakash Asso | 76.80 |
24215178
|
| Housing Develop | 58.65 |
22135561
|
| Adani Power Ltd | 60.70 |
18705103
|
| Hindalco Indust | 110.40 |
14920677
|
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