LONDON, June 29 (Reuters) - * U.S. stock futures pointed
to a stronger open on Wall Street on Friday, with futures for
the S&P 500, the Dow Jones and the Nasdaq 100
rising 1.0-1.4 percent, supported by a deal to address
the euro zone's debt problems.
* Euro zone leaders agreed overnight to take action to bring
down Italy's and Spain's spiralling borrowing costs and to
create a single supervisory body for euro zone banks by the end
of this year, a first step towards a European banking union.
* The U.S. Commerce Department releases May personal income
and consumption data at 1230 GMT. Economists expect a 0.2
percent rise in income and an unchanged reading in spending. In
April, income rose 0.2 percent and spending was up 0.3 percent.
* The Institute of Supply Management Chicago releases its
June index of manufacturing activity at 1345 GMT. Economists
forecast a reading of 52.5, compared with 52.7 in May.
* U.S. securities regulators may force Nasdaq OMX Group Inc
to upgrade its trading systems following last month's
glitch-ridden IPO of Facebook Inc, the Wall Street
* The Indian unit of General Motors expects to stop
production at its plants for one day a week until the festive
season, due to slow demand, its head said on Thursday.
* Ford Motor Co said second-quarter losses from its
operations outside North America could be triple the $190
million it posted in the first quarter, hurt by continued
weakness, mainly in Europe.
* The final reading of the Thomson Reuters/University of
Michigan Consumer Sentiment Survey for June is due at 1355 GMT.
Economists predict a reading of 74.1, unchanged from the
* At 1430 GMT, the Economic Cycle Research Institute
releases its weekly index of economic activity for June 22. In
the prior week the index read 121.3.
* JPMorgan Chase & Co.'s internal controls have come
under increased scrutiny by regulators who have asked the bank
to demonstrate its risk models are working properly, the Wall
Street Journal reported, citing to people close to the
* British buyout group Melrose announced on Friday
an agreed deal to buy German utility meter maker Elster Group
for $2.3 billion in its first major deal for
* Research In Motion Ltd delayed the
make-or-break launch of its next-generation BlackBerry phones
until next year, in a setback to the once-dominant technology
company whose sales are crumbling.
* The FTSEurofirst 300 index of top European shares
rose 1.6 percent, while Japan's Nikkei average rose 1.5
percent after European leaders agreed overnight to take
emergency action to lower borrowing costs for Italy and Spain.
* U.S. stocks fell on Thursday but pared back sharp losses
late in the session on talk of progress by European leaders in
easing the region's debt crisis, while a Supreme Court ruling
upholding a landmark healthcare law hit large health insurers.
* The Dow Jones industrial average dropped 24.75
points, or 0.20 percent, to 12,602.26. The Standard & Poor's 500
Index shed 2.81 points, or 0.21 percent, to 1,329.04. The
Nasdaq Composite Index lost 25.83 points, or 0.90
percent, to 2,849.49.