Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- U.S. stock futures were signaling a higher start for Wall Street on Thursday, getting a boost from Asian markets which rose on expectations that China's central bank will ease monetary policy when it meets next week.
European stocks were posting slight gains ahead of an announcement Thursday from Spain on economic reforms and amid continued protests in Madrid and Athens over new austerity measures.
Japan's Nikkei 225 index rose about 0.5% to close at 8,949.87 on Thursday. Hong Kong's Hang Seng climbed more than 1.1%.
The economic calendar in the U.S. on Thursday includes weekly initial and continuing jobless claims at 8:30 a.m. EDT, durable goods orders for August at 8:30 a.m., the third estimate of second-quarter gross domestic product at 8:30 a.m., and pending home sales for August at 10 a.m.
U.S. stocks on Wednesday were dragged lower by more uncertainty in the eurozone as both Greece and Spain dealt with anti-austerity protests. The Dow Jones Industrial Average fell 44 points, or 0.33%, to close at 13,414. The blue-chip index has declined for four straight sessions and is up 9.79% in 2012.
Research In Motion (RIMM), the BlackBerry maker, is expected by analysts Thursday to report a fiscal second-quarter loss of 47 cents a share on revenue of $2.49 billion. TheStreet will be live-blogging RIM's results beginning at 3:45 p.m. EDT.
Nike (NKE) is expected by analysts to report a fiscal first-quarter profit of $1.12 a share on revenue of $6.42 billion. The sneaker maker earned $1.36 a share in the year-earlier quarter.
Other companies expected to post earnings on Thursday include Accenture (ACN), Actuant (ATU), Central European Distribution (CEDC), Discover Financial Services (DFS), Global Payments (GPN), Greenbrier (GBX), IDT (IDT), McCormick (MCK), Micron Technology (MU) and Sealy (ZZ).
The NFL and the union representing the league's officials announced at midnight Thursday that a tentative eight-year agreement had been reached to end a lockout that began in June.
-- Written by Joseph Woelfel
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV