PARIS Nov 14 U.S. stock index futures pointed
to an early rebound on Wall Street on Wednesday, with futures
for the S&P 500 up 0.5 percent, Dow Jones futures
up 0.65 percent and Nasdaq 100 futures up 0.96 percent at
* Cisco Systems Inc will be in the spotlight after
it reported first-quarter results that beat estimates but
expects flat earnings and slower revenue growth for the current
* European stocks lost ground on Wednesday as investors
worried about anti-austerity strikes across southern Europe,
which put the euro zone's troubles back in focus, and about lack
of progress in Washington on resolving the U.S. "fiscal cliff"
* Strikes in Spain and Portugal shut schools and grounded
flights across the Iberian peninsula, while international
lenders continued to disagree over how long to give Greece to
get its debts down to a sustainable level.
* Both sides in the U.S. "fiscal cliff" debate stood their
ground on Tuesday as they gathered in Washington for the first
time since the elections, with a fundamental tax dispute
preventing a broader compromise on deficit reduction.
* The Federal Reserve cannot do much more to shelter the
U.S. economy if the country goes over a year-end fiscal cliff of
tax hikes and government spending cuts, a senior U.S. central
bank official said on Tuesday.
* U.S.-based Intel Corp and Qualcomm Inc
are in talks to jointly invest about 30 billion yen ($378
million) in debt-stricken Japanese consumer electronics maker
Sharp Corp, two sources familiar with the matter said
* The pre-Christmas shopping season is likely to boost
cellphone sales less that usual this year as a weaker global
economy forces consumers to cut back, research firm Gartner said
* International Monetary Fund Managing Director Christine
Lagarde said on Wednesday she expected a real fix for Greece
that included debt sustainability, rather than a quick fix.
* Fertilizer producer Mosaic Co cut its forecast for
phosphate and potash sales on Tuesday, citing uncertain supply
contracts with China and India.
* On the macro front, investors awaited U.S. retail sales
data for October, due at 1330 GMT. Economists in a Reuters
survey expect a 0.2 percent fall compared with a 1.1 percent
increase in September. Excluding automobiles, sales are expected
to rise 0.2 percent, which compared with a 1.1 percent rise in
the prior month.
* U.S. stocks sold off late in the session on Tuesday, led
by a slide in Microsoft shares, though retailers were a notable
bright spot after Home Depot raised its outlook.
* The Dow Jones industrial average fell 58.90 points,
or 0.46 percent, to 12,756.18 at the close. The S&P 500
dropped 5.50 points, or 0.40 percent, to 1,374.53. The Nasdaq
Composite lost 20.37 points, or 0.70 percent, to