Futures edge higher ahead of jobs report
U.S. stock index futures were slightly higher on Friday ahead of the key monthly jobs report for November.
* The U.S. government's closely watched monthly report on non-farm payrolls is expected at 8:30 a.m. ES. Analysts polled by Reuters projected that U.S. payrolls likely shrank by 130,000 in November, compared with a decline of 190,000 in October.
* If it comes in a little better or a little worse, it's a non-event, it's the same old tune, less worse than it has been, said Joe Gordon Managing Partner of Gordon Asset Management in Durham, North Carolina.
* Bank of America Corp
* S&P 500 futures rose 2.4 points and were slightly above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 22 points, while Nasdaq 100 futures added 1.25 points.
* U.S. monthly factory orders are also expected Friday.
* Cisco Systems Inc
* U.S. video game publisher Take-Two Interactive Software Inc
* Take-Two shares dropped 22.7 percent to $8.44 premarket.
* Investors may eye technology shares after Taiwan Semiconductor Manufacturing Co Ltd <2330.TW>
* European shares fell in early Friday trade, with banks among the biggest decliners ahead of the U.S. labor market report. Asian stocks were mostly higher, although property and bank shares fell in many markets on concerns about the pace of an economic recovery.
* U.S. stocks fell Thursday after the U.S. services sector shrank unexpectedly in November and investors worried that the non-farm payrolls report may show the recovery is sluggish.
(Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)
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