Dec. 12 Premarket Briefing: 10 Things You Should Know

Here are 10 things you should know for Thursday, Dec. 12: 

1.-- U.S. stock futures were pointing higher Thursday, following the stock market's biggest loss in five weeks on Wednesday.

European shares were trading flat to lower; Asian stocks ended Thursday's session with losses on continued fears the Federal Reserve will trim monetary stimulus for the U.S. economy as early as next week. Japan's Nikkei 225 index declined 1.1%.

2.-- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EST, retail sales for November at 8:30 a.m., export and import prices for November at 8:30 a.m., and business inventories for October at 10 a.m.

3.-- U.S. stocks on Wednesday fell amid growing speculation the Federal Reserve will curb its stimulus program after an apparent political deal on the U.S. budget alleviated concerns about another government shutdown. 

The S&P 500 fell 1.13% to close at 1,782.22 while the Dow Jones Industrial Average declined 0.81% to 15,843.53. The Nasdaq slipped 1.4% to 4,003.81. 

4.-- House Republicans rallied behind a modest, two-year budget deal, planning to bring it to a vote Thursday.

The measure seemed sure to pass, despite unhappiness from House Democrats who were cut out of the talks and also upset that it didn't contain a provision to renew jobless benefits for the long-term unemployed.

The deal House Budget Committee Chairman Paul Ryan, R-Wis., negotiated with Senate Budget Committee Chairwoman Patty Murray, D-Wash., would preserve the bulk of tough agency spending cuts the GOP won in a 2011 showdown with President Obama, while greatly reducing the chances of another partial government shutdown.

5.-- JPMorgan Chase (JPM) is expected to pay more than $1 billion in penalties to the Justice Department to end a criminal probe into whether it provided adequate warnings about Bernard Madoff, The Wall Street Journal reported.

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