US futures dip ahead of data
Fin24/ Reuters - Dec 13th, 08:49
New York - USstock index futures dipped on Thursday, setting Wall Street up for a third day of losses, as investors awaited a batch of economic data that may provide clues on how soon the Federal Reserve will start trimming back its stimulus efforts.
* US weekly jobless claims numbers for the week ended December 7 and US retail sales data for November will both be released at 13:30 GMT.
* US stocks posted their largest drop in a month on Wednesday as traders took profit after a provisional budget deal out of Washington removed one of the near-term reasons for the Fed to keep up its current pace of economic stimulus. The central bank's massive bond-buying programme has helped prop up the equity market for much of the year.
* Standard & Poor's said late Wednesday Facebook will join its S&P 500 benchmark index after the close of trading on December 20, cementing the social media network's rise into one of the biggest, most powerful US companies. The stock rose nearly 4% in premarket trading.
* Shares of Lululemon Athletica fell 12.2% in premarket trading after the company gave a weaker-than-expected outlook.
* Hotel operator Hilton Worldwide Inc raised $2.34bn in its IPO on Wednesday, returning to the public markets some six years after Blackstone Group took it private in one of the largest deals of the leveraged buyout boom.
* S&P 500 futures fell 2.2 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 34 points and Nasdaq 100 futures lost 3.25 points.
* Worries over the possibility of the US Federal Reserve reducing its stimulus efforts sooner than expected weighed on global equities, including European shares which slipped to a two-month low on Thursday.
* Samsung Electronics on Thursday lost its bid to ban sales of Apple's older iPhone and iPad in South Korea after a court dismissed a lawsuit claiming the US firm had infringed on three of Samsung's mobile patents.From Fin24.com
November retail sales top estimates, United States:
13/12/2013 - 08:15
Washington, D.C. – Retail sales in November increased a better-than-expected 0.7% seasonally-adjusted month-to-month, according to the U.S. Commerce Department. (The figure includes categories such as automobiles, gasoline stations, and restaurants.) Analysts were expecting sales to rise 0.6% in last month. The latest retail sales numbers were 4.7% above November 2012 numbers.
ShopperTrak: Store traffic up 2.8% on Thanksgiving and Black Friday, United States
03/12/2013 - 09:23
Chicago -- Shoppers visited more stores and spent more money across the days of Thanksgiving Day and Black Friday (Nov. 28 and 29) than they did last year, according to ShopperTrak.
Soybean futures decline
21/11/2013 - 12:04
Johannesburg - South African soybean futures declined the most in almost seven weeks. The oilseed for delivery in December, the most active contract, fell 1.8 percent, the biggest decline since October 1, to 6,250 rand ($619) a metric ton by the noon close on the South African Futures Exchange in Johannesburg.
Walmart warns of flat festive sales
18/11/2013 - 10:53
Washington - Walmart reported on Thursday a 2.8% year-on-year rise in third-quarter net profit, but warned that sales during the crucial holiday shopping season are expected to be "relatively flat."
Macy’s Herald Square’s unveils revamped beauty department
18/11/2013 - 09:51
New York -- Macy’s Herald Square store has taken the wraps off a dramatic makeover of its beauty and fragrances department. Re-fashioned within a brand-new 24,000-sq.-ft. space, the new department includes brand new counters, shops and bars for brows, blow-outs and nails.