Changed At Premarket Trading

(Reuters) - Stock index futures fell on Tuesday on renewed concerns that Greece and private bondholders would not meet a looming deadline to complete a debt swap, potentially opening the way for a messy default that could hurt neighboring economies. A group representing bondholders warned a default could leave Italy and Spain needing outside help to stop contagion from spreading and cause more than 1 trillion euros ($1.3 trillion) of damage to the region. Creditors have until Thursday night to accept a bond swap in which they would lose almost three-quarters of the value of their bonds. Heightening tensions over Greece come a day after China cut its growth forecast and data showed the European Union is unlikely to avoid a recession. "With the fresh uncertainties coming into play about ...

It was light at the end of the tunnel for the global economy, seeing Greece debt-talks back on track, yet revolted with uncertainty as we head into a slack day for the world's largest economy. Eyes are laser-focused on debt-chocked Greece with a sliver of optimism as Greek Premier meet with political leaders to finalize the terms of an international aid before the March 20 Deadline. If truth be told, Greece's political parties are given another shot on Wednesday to channel a reform deal in exchange for a new international bailout to stave off an inching default, after delays propelled some EU leaders to remark that the euro zone can say goodbye to Athens, which could cause dramatic consecuences to Greece unless needed measures were fully implemented. Wall Street is set to resume a thin ...

The U.S corporate earnings season broke almost as expected this week, after Alcoa Inc delivered quarterly results matching projections, then Lennar Corp and SUPERVALU Inc results missed forecast, and now, the country's largest investment bank by assets and market capitalization; JPMorgan Chase & Co fourth-quarter results are due out Friday at 07:00 am ET. U.S Stocks are nearly flat ahead of JPMorgan Chase Fourth-quarter results. As of 10:07 in London, the Standard & Poor's 500 Index futures added no more than 0.1 percent to about 1292.5, Dow Jones Industrial Average gained 8 points or no more than 0.1 percent to 12412. JPMorgan Chase Share fell 0.2 percent at premarket trading ahead of the results. Wall Street could be little changed at the open on Friday. Debt optimism was the main ...

(Reuters) - Futures on the S&P 500 hit their highest level in more than a month on Wednesday as investors bet the upcoming earnings season and more merger activity will continue to lift equities higher. * The S&P 500 struggled on Tuesday and Wednesday to close above a key resistance level at 1,333, but futures pointed to a pop at the open that could bring more buyers on expectations of a breakout. * Broadcom Corp (BRCM.O) shares gained 1.8 percent to $39.13 in light premarket trading after Oppenheimer raised its rating on the chipmaker to "outperform" from "perform" and set a price target of $55. * S&P 500 futures rose 8.1 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones ...

(Reuters) - London is set to overtake New York as the biggest center of crude and oil product futures trade this year, signaling a shift in power as the British capital benefits from soaring demand in Asia and mounting concerns over the usefulness of key U.S. contracts. The IntercontinentalExchange (ICE), headquartered in Atlanta but known for its European contracts, increased its share of the major crude and product futures trade to just shy of 49 percent in 2010, doubling its volume in five years. Trade on long-term rival the New York Mercantile Exchange has also expanded thanks to burgeoning interest in commodities from traders and investors alike -- but not as fast. NYMEX volume rose about 17 percent last year; ICE surged 31 percent. ICE (ICE.N) is now set to claim top spot just 10 ...