Stock futures signal losses; data eyed
Stock index futures pointed to a lower open on Wall Street on Wednesday following the previous session's strong rally, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.4 percent and Nasdaq 100 futures down 0.4 percent at 0944 GMT.
* European shares edged up, rising for the sixth straight session, as energy stocks rallied, but the gains were capped by renewed euro zone worries.
* The premium that investors demand to hold 10-year Spanish government bonds, rather than euro zone benchmark German Bunds, hit a euro lifetime high as investors' concerns about Spain's debt mounted.
* The euro -- used to assess investors' risk appetite in the current climate of jitters about Europe's debt crisis -- hit a two-week high, before trimming gains, lacking the momentum to break nearby resistance.
* On the macro front, The Commerce Department releases data on May housing starts and permits, at 1230 GMT, the Labor Department releases the May Producer Price Index (PPI) at 1230 GMT, and the Federal Reserve releases May industrial production and capacity utilization data, at 1315 GMT.
* Energy stocks will be in the spotlight as U.S. President Barack Obama, seeking to demonstrate strong leadership on the Gulf of Mexico oil spill, will demand on Wednesday that BP set aside billions of dollars to pay damages from the catastrophe.
A day after he vowed to fight the spill with everything we've got, Obama was to meet at the White House at 1415 GMT with the energy group's executives, the first time he as done so since the crisis began nearly two months ago.
* Bank of America Merrill Lynch has ordered its traders not to enter into oil trades with BP Plc that extend beyond June 2011, a market source familiar with the directive told Reuters.
* Fitch Ratings on Tuesday changed its outlook on Anadarko Petroleum Corp to negative, from stable, citing increasing estimates of damages the company is likely to need to pay as a result of the oil spill in the Gulf of Mexico.
* Coca-Cola Enterprises Inc predicted 2010 earnings growth on Tuesday that was slightly better than its prior forecast, citing positive second-quarter trends.
* Customers trying to reserve the latest version of the iPhone were thwarted by technical glitches that hindered sales on Tuesday, the first day of pre-orders before the device hits stores on June 24.
* Mylan Inc is being probed by the U.S. securities regulator on whether it shared market-sensitive information on its third-quarter earnings with a few investors before making it public, the Wall Street Journal said, citing people familiar with the matter.
* U.S. shares surged on Tuesday as investors went on a buying spree, pushing the S&P 500 above its 200-day moving average for the first time in a month, suggesting the recent downtrend may be nearing an end.
* The Dow Jones industrial average <.DJI> gained 213.88 points, or 2.10 percent, to 10,404.77. The Standard & Poor's 500 Index <.SPX> gained 25.60 points, or 2.35 percent, to 1,115.23. The Nasdaq Composite Index <.IXIC> gained 61.92 points, or 2.76 percent, to 2,305.88.
(Reporting by Blaise Robinson; Editing by Louise Heavens)
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