Date: 2010-05-24
Stock futures signal losses
Stock index futures pointed to a lower open on Wall Street on Monday following the previous session's late rally, with futures for the S&P 500 down 0.68 percent, Dow Jones futures down 0.52 percent and Nasdaq 100 futures down 0.43 percent at 0830 GMT 4:30 a.m. ET).
European shares were flat in morning trade, as a rebound in mining shares was offset by worries in the banking sector after the Bank of Spain took over the running of Spanish savings bank CajaSur.
Japan's Nikkei average fell 0.3 percent to its lowest close in more than five months as investors remained wary about taking on more risky assets without assurance that a recent stock slide is over.
Oil snapped three straight sessions of declines and slightly rose above $70 a barrel on Monday, but analysts said sentiment remains fragile and prices could again be hit by macroeconomic pessimism.
Investors will keep an eye on the National Association of Realtors' existing home sales data for April, due at 1400 GMT, for fresh insight on the outlook for the economy.
China struck a conciliatory note at the opening of talks with the United States by vowing to spur domestic demand and keeping a guarded opening to exchange rate reform, which the Obama administration says is needed to rebalance the global economy.
Marriott International Inc , the largest U.S. hotel chain, aims to double the number of Marriott brand hotels in China within five years and intends to introduce a lower-priced hotel brand in the near future.
Equity One Inc said on Sunday it would buy Capital Shopping Centres Group Plc's U.S. unit in a $258.3 million deal, helping the U.S. shopping center owner expand into California.
U.S. stocks snapped a three-day losing streak on Friday as investors bought beaten-down shares including banks on bets the financial regulation bill won't be as onerous as some had feared.
The Dow Jones industrial average gained 125.38 points, or 1.25 percent, to 10,193.39. The Standard & Poor's 500 Index .SPX jumped 16.10 points, or 1.50 percent, to 1,087.69. The Nasdaq Composite Index rose 25.03 points, or 1.14 percent, to 2,229.04.
Stock futures signal losses
Stock index futures pointed to a lower open on Wall Street on Monday following the previous session's late rally, with futures for the S&P 500 down 0.68 percent, Dow Jones futures down 0.52 percent and Nasdaq 100 futures down 0.43 percent at 0830 GMT 4:30 a.m. ET).
European shares were flat in morning trade, as a rebound in mining shares was offset by worries in the banking sector after the Bank of Spain took over the running of Spanish savings bank CajaSur.
Japan's Nikkei average fell 0.3 percent to its lowest close in more than five months as investors remained wary about taking on more risky assets without assurance that a recent stock slide is over.
Oil snapped three straight sessions of declines and slightly rose above $70 a barrel on Monday, but analysts said sentiment remains fragile and prices could again be hit by macroeconomic pessimism.
Investors will keep an eye on the National Association of Realtors' existing home sales data for April, due at 1400 GMT, for fresh insight on the outlook for the economy.
China struck a conciliatory note at the opening of talks with the United States by vowing to spur domestic demand and keeping a guarded opening to exchange rate reform, which the Obama administration says is needed to rebalance the global economy.
Marriott International Inc , the largest U.S. hotel chain, aims to double the number of Marriott brand hotels in China within five years and intends to introduce a lower-priced hotel brand in the near future.
Equity One Inc said on Sunday it would buy Capital Shopping Centres Group Plc's U.S. unit in a $258.3 million deal, helping the U.S. shopping center owner expand into California.
U.S. stocks snapped a three-day losing streak on Friday as investors bought beaten-down shares including banks on bets the financial regulation bill won't be as onerous as some had feared.
The Dow Jones industrial average gained 125.38 points, or 1.25 percent, to 10,193.39. The Standard & Poor's 500 Index .SPX jumped 16.10 points, or 1.50 percent, to 1,087.69. The Nasdaq Composite Index rose 25.03 points, or 1.14 percent, to 2,229.04.