US futures were slightly higher Friday after the Dow Industrials
average closed at 16,009.99 yesterday, helped by lower jobless
claims. Whereas previously positive jobs data may have caused
investors to fear the U.S. Federal Reserve would find reason not
only to taper its asset purchases that are propping up markets, but
also tighten other economic policies, the minutes from the last
meeting of Fed bankers suggest it would take a more sustained set
of positive economic data for the central bank to increase lending
rates and tighten policies across the board.
On the docket today are two Fed speakers, Kansas City Fed
President Esther George will speak on banking supervision and Fed
Governor Daniel Tarullo will speak on shadow banking. George has
notably dissented from every FOMC statement so far this year. She
said after the strong October jobs report that the FOMC was being
too aggressive with the current level of monetary
At 10:00 am, the Job Openings and Labor Turnover Survey is out.
The report contains information on job openings, as well as
estimates of the hiring, quit, and layoff & discharge
In equities, Ariad Pharmaceuticals (
) jumped 21% after saying that the European Medicines Agency's
Committee for Human Medicinal Products adopted a positive view on
continued use of its Iclusig drug for use in patients with
leukaemias even as it made a series of recommendations on measures
to help minimize the risk of occlusive vascular events. In retail,
Foot Locker (
) rose nearly 3% on better than expected Q3 earnings while ANN Inc.
) was down over 2% after guiding for Q4 sales below street
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