Stock Futures Buoyed By China Comments, Euro Zone Data
(REUTERS) -- Stock index futures rose on Wednesday, buoyed by comments from China's central bank chief that the country would keep investing in euro zone debt and better-than-expected data from Germany and France.
* Chinese Central Bank Governor Zhou Xiaochuan said China remains confident in the euro, lifting sentiment for stocks.
* The cancellation of Wednesday's meeting of euro zone finance ministers unnerved some investors worried about a disruption to a Greek bailout deal, but a Greek conservative party leader was expected to sign a commitment to the strict austerity measures.
* Financial stocks will be in focus after European bank shares rallied, boosted by BNP Paribas' forecast-beating results.
* Germany's gross domestic product contracted 0.2 percent in the fourth quarter, topping forecasts, data showed, while France's economy grew more than expected as corporate investment picked up and domestic consumption remain solid.
* S&P 500 futures were up 9.3 points and 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 rose 90 points, and Nasdaq 100 futures gained 18.5 points.
* In U.S. economic data, the New York Federal Reserve releases its Empire State manufacturing survey for February at 8:30 a.m. EST. Economists expect a reading of 15.00, compared with 13.48 in January.
* The Federal Reserve releases January industrial production and capacity utilization data at 9:15 a.m. EST. Economists expect a 0.7 percent rise in production and a reading of 78.6 percent for capacity utilization. In December, production rose 0.4 percent and capacity utilization was 78.1 percent.
* The National Association of Home Builders/Wells Fargo February housing market index is due at 10 a.m. EST. Economists look for a reading of 26 versus 25 in January.
* A Goldman Sachs technology analyst is under investigation by federal authorities for leaking inside information to hedge funds, the Wall Street Journal reported, citing sources.
* Talks between Yahoo Inc and China's Alibaba Group over a $17 billion tax-free asset swap hit an impasse, according to sources.
* Illumina Inc shareholders sued the company, alleging a poison pill plan to thwart a takeover by Swiss drugmaker Roche Holding Ltd was based on bad advice from Goldman Sachs.
* Wall Street ended little changed on Tuesday.
(Reporting By Angela Moon; editing by Jeffrey Benkoe)
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