PARIS Nov 12 U.S. stock index futures pointed
to a mixed open on Wall Street on Monday, with futures for the
S&P 500 up 0.15 percent, Dow Jones futures up 0.03
percent and Nasdaq 100 futures down 0.1 percent at 0837
* World equities fell on Monday as concerns about the fiscal
crisis in the United States and progress on a bailout plan for
Greece dented optimism over global growth prospects.
* Data showed over the weekend that China's export growth
climbed to a five-month high above 11 percent, beating
expectations and adding to recent data suggesting the country's
seven straight quarters of slowing economic growth have ended.
* China's reassuring data, however, was offset by figures
showing Japan's economy shrinking 0.9 percent in the third
quarter. Though this was in line with expectations, the decline
in capital expenditure was much steeper than forecast.
* On Sunday, the Greek parliament approved an austerity
budget for next year, a necessary step to unblock a new tranche
of credit from the European Union and International Monetary
Fund before the government runs out of cash, although investors
remain concerned about whether the EU and IMF will agree to send
the next tranche.
* A senior Republican senator voiced confidence on Sunday
that U.S. lawmakers would forge a deal on the year-end "fiscal
cliff," while a top aide to President Barack Obama signaled a
willingness to compromise over raising tax rates on the rich.
* Apple Inc and HTC Corp announced on
Saturday a global patent settlement and 10-year licensing
agreement that ends one of the first major conflagrations of the
smartphone patent wars. Shares of HTC jumped by their permitted
daily limit on Monday.
* China's Alibaba Group more than doubled its
April-June net profit and grew sales by 71 percent for the
period, proving the country's largest e-commerce firm has
shrugged off intensifying competition in the sector. Yahoo Inc
holds 24 percent of Alibaba.
* Exxon Mobil said it faces a $3.3 billion spike in
costs at its LNG project in Papua New Guinea, the latest
Asia-Pacific project to be hit by cost overruns as competition
is set to grow from new gas supplies coming on tap in North
America and Africa.
* The bullish money held by hedge funds and other big
speculators in U.S. commodities has sunk to a four-month low as
they unwound from gold and a broad number of markets after
Superstorm Sandy's feared hit on the U.S. economy, trade data
showed on Friday.
* Sharon McCollam, the former chief financial officer of
Williams-Sonoma Inc, will come out of retirement to take
over as finance chief at Best Buy Co Inc at the end of
the year, a source familiar with the matter said.
* UK lawmakers will quiz executives of Starbucks,
Google and Amazon on Monday about how they
have managed to pay only small amounts of tax in Britain while
racking up billions of dollars worth of sales here.
* U.S. stocks advanced on Friday but failed to make up for
what turned out to be the worst week for markets since June, as
investors turned their attention from the presidential election
to the coming negotiations over the "fiscal cliff."
* The Dow Jones industrial average edged up 4.07
points, or 0.03 percent, to 12,815.39 at the close. The Standard
& Poor's 500 Index rose 2.34 points, or 0.17 percent, to
1,379.85. The Nasdaq Composite Index advanced 9.29
points, or 0.32 percent, to close at 2,904.87.
(Reporting by Blaise Robinson/editing by Chris Pizzey, London
MPG Desk, +44 (0)207 542-4441)