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Here are 10 things you should know for Thursday, June 30:

1. -- U.S. stock futures were pointing to a third day of gains on Wall Street and European shares turned higher after falling earlier in the session after economic data pointed to weak consumer demand in the region's three biggest economies.

Asian stocks ended the session mostly higher as worries continued to gradually ease after last week's vote by the U.K. to leave the European Union.

2. -- The economic calendar in the U.S. Thursday includes weekly Initial Jobless Claims at 8:30 a.m. EDT, and Chicago PMI for June at 9:45 a.m.

3. -- U.S. stocks on Wednesday enjoyed another day in rally mode as bulls scored post-Brexit deals.

The S&P 500 bounced back into positive territory for 2016 Wednesday after seeing red in a major selloff earlier in the week. The benchmark index has recovered more than half of the losses suffered Friday and Monday. 

The S&P 500 gained 1.70%, the Dow Jones Industrial Average rose 1.64% and the Nasdaq climbed 1.86%. 

4. -- Morgan Stanley  (MS - Get Report) drew a slap from the Federal Reserve for weaknesses in the way it estimates risks and decides on dividend and share-buyback levels. 

Unlike rival Wall Street firms such as JPMorgan Chase  (JPM - Get Report) and Goldman Sachs (GS - Get Report) , Morgan Stanley will have to resubmit documents by the end of this year showing that the deficiencies have been fixed, the Fed said Wednesday. Otherwise, the regulator could block further dividends or share buybacks from the New York-based company.

 

The rebuke may prove more symbolic than injurious for shareholders, given that Morgan Stanley was still given the go-ahead to increase its dividend by 33% to 20 cents a share. The firm said in a statement that it also will boost stock buybacks through the second quarter of 2017 to $3.5 billion, from the current pace of $2.5 billion.

In the Fed's annual "stress tests," all U.S.-based lenders won approval for their payout plans. Bank of America (BAC - Get Report)  won a 50% increase, while Citigroup (C - Get Report)  tripled its dividend.

Capital plans submitted by the U.S. operations of two European banks, Germany's Deutsche Bank  (DB - Get Report)  and Spain's Santander  (SAN) , were rejected because of "unresolved supervisory issues."

5. -- Deutsche Bank is the riskiest financial institution in the world as a potential source of external shocks to the financial system, according to the International Monetary Fund, The Wall Street Journal reported.

"Among the G-SIBs (globally systemically important banks), Deutsche Bank appears to be the most important net contributor to systemic risks, followed by HSBC and Credit Suisse," the IMF said in its Financial Sector Assessment Program.

The news from the IMF came just after results of the Fed's "stress tests' were released.

6. -- Lions Gate Entertainment (LGF) , the studio that produced The Hunger Games and Mad Men, is in advanced talks to acquire premium cable channel Starz (STRZA) , Bloomberg reported, citing people with knowledge of the matter.

A deal, which would value Starz at more than $30 a share, could be announced in the next few days, said the people. Shares of Starz closed at $28.25 on Wednesday.

An agreement has been very close to being signed for a week now and has been held up over disagreements on price and voting shares, the people told Bloomberg.

Lions Gate would buy Starz for mostly cash and some stock, said the people. The two sides have come close to a deal several times since Lions Gate said it would make an approach to Starz in February, the people told Bloomberg.

7. -- Netflix (NFLX - Get Report) said it plans to expand its Asian offerings to its subscribers around the world by tapping more creators in Asia.

Netflix executives said Thursday that the U.S. streaming service company is looking at many projects throughout Asia, including original series by Asian creators.

Netflix invested in South Korean filmmaker Bong Joon-ho's upcoming movie Okja, its first Korean film project slated for launch next year.

It is also spending more to buy rights to distribute Korean drama. Starting this summer, subscribers in the U.S., Canada and Latin America will be able to watch The Descendants of the Sun, which was a hit in China earlier this year.

The move is part of efforts to increase subscribers overseas. The company has 81.5 million subscribers. It expects growth would come mostly from overseas.

8. -- Seagate Technology (STX - Get Report) plans to cut about 1,600 jobs, or 3% of its workforce, in a restructuring that would save the maker of disk drives for computers about $100 million a year.

Seagate said it would record pretax charges of $62 million from the restructuring, which it expects to complete by the end of the third quarter of 2016.

The company said it would record the charges mainly in the current quarter.

9. -- Google Capital, an investment arm of Alphabet (GOOGL - Get Report) , made a $46.35 million investment in Care.com (CRCM - Get Report) , the online marketplace offering child and elder care services.

The investment makes Google Capital the largest shareholder in Care.com. Laela Sturdy, a partner at Google Capital, will join Care.com's board.

Shares of Care.com soared in after-hours trading on Wednesday.

Alphabet is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells GOOGL? Learn more now.

10. -- Earnings are expected Thursday from ConAgra (CAG - Get Report) , Darden Restaurants (DRI - Get Report) , McCormick & Co. (MKC - Get Report) , Micron Technology (MU - Get Report) and Paychex (PAYX - Get Report) .