US Equities Futures Follow Europe Lower; Monetary Policy Makers' Concern For Growth Weighs
U.S. equities futures were in the red Thursday, tracking European markets, after minutes from the Federal Open Market Committee's prior meeting were released Wednesday and showed that its members are concerned about a deterioration in the global conditions.
In economic data, at 8:30 a.m. E.T. jobless claims in the week ended April 2 are expected to have edged down to 272,000 from 276,000 the preceding week, in the consensus range between 261,000 to 290,000, according to data compiled by Econoday.
In equities, Valeant Pharmaceuticals ( VRX ) was the most active gainer, higher 6% in recent pre-market trade, after the company said it has obtained approval from its lenders to extend the deadline to file its annual and quarterly report. The approval comes with the conditions that Valeant doesn't make certain acquisitions and investments or pay dividends and that any net asset sale proceeds will be put toward prepaying term loans.
Meanwhile Pacific Sunwear ( PSUN ) shed over 32% after filing for chapter 11 bankruptcy and agreeing to a debt-for-equity swap with lenders.
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