Stock futures edge lower, focus on jobs data
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Stock futures edge lower, focus on jobs data

www.reuters.com   | 06.07.2012.

LONDON (Reuters) - Stock index futures pointed to a slightly lower open on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.1 to 0.2 percent.
Stock futures edge lower, focus on jobs data

U.S. employers are expected to have added 90,000 new workers to their payrolls, according to a Reuters survey of economists. That would be tepid but still better than 69,000 jobs created in May, which was the fewest in a year. The numbers are due at 8.30 a.m. EDT.

Economic Cycle Research Institute releases its weekly index of economic activity for June 29 at 10.30 a.m. EDT. In the prior week the index read 121.5.

The race to become Yahoo Inc's (YHOO.O) next chief executive appears to have come down to two candidates: current interim CEO Ross Levinsohn and Hulu CEO Jason Kilar.

Buyout firm KKR (KKR.N) plans to take over German cutlery and coffee machines maker WMF AG (WMFG.F) for at least 587 million euros ($727 million).

Goldman Sachs (GS.N) has secured three properties in Tokyo for 25 billion yen ($313 million) as its asset management unit prepares to set up a private real estate investment trust (REIT), Shigeki Kiritani, the president of Goldman Sachs Asset Management (GSAM), told Reuters.

The head of the International Monetary Fund expressed concern on Friday at a deterioration in the global economy, saying the outlook has become more worrying as developed and big emerging nations show signs of slowing down.

Contract talks between Consolidated Edison (ED.N) and locked out workers will resume on Friday while replacement crews worked to end additional brownouts as New York City sweltered in a prolonged heat wave.

Educational toy maker LeapFrog Enterprises Inc (LF.N) said Chief Financial Officer Mark Etnyre quit to pursue personal interests.

Soaraway sales of the Galaxy smartphone drove record quarterly profit of $5.9 billion at Samsung Electronics (005930.KS). The phones are likely to have stretched their lead over rivals Apple (AAPL.O) and Nokia (NOK1V.HE).

European shares .FTEU3 fell 0.3 percent on Friday as fading hopes of further monetary stimulus ahead of a key U.S. jobs report pushed investors to book more profits on five straight weeks of gains, the longest winning streak this year.

U.S. stocks edged down on Thursday as economic stimulus measures by major central banks failed to excite investors. The Dow Jones industrial average .DJI fell 0.4 percent, the Standard & Poor's 500 Index .SPX dropped 0.5 percent and the Nasdaq Composite Index .IXIC ended flat.

(Reporting by Atul Prakash; Editing by Catherine Evans)



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