Stock index futures fall, focus on data
Stock index futures pointed to a weaker open for equities on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.4 to 0.5 percent.
Thomson Reuters/University of Michigan Surveys of Consumers is due at 10:55 a.m. ET. February's preliminary consumer sentiment index is expected to come in at 74.5 compared with 75.0 in the final January report.
The Commerce Department releases at 8:30 a.m. ET December international trade figures. Economists expect a trade deficit of $48.0 billion in December versus a deficit of $47.75 billion in November.
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At 10 a.m. ET, the Federal Reserve Bank of Philadelphia releases its professional forecasters quarterly survey.
Economic Cycle Research Institute releases at 10:30 a.m. ET its weekly index of economic activity for February 3. In the prior week the index read 123.1.
U.S. Treasury Dept issues at 2 a.m. ET monthly budget for January. Economists forecast a $50.0 billion deficit compared with a December budget deficit of $85.97 billion.
Chinese e-commerce group Alibaba plans to take private its Hong Kong-listed unit, two sources familiar with the matter said, as part of a complex deal that would strengthen founder Jack Ma's control and give key stakeholder Yahoo
China's trade in January fell the most since the depths of the financial crisis, raising concerns Lunar New Year factory shutdowns do not fully explain a slump in imports and may instead be evidence of a further faltering in demand.
Global oil demand will grow by less than 1 percent in 2012, the International Energy Agency (IEA) said on Friday, cutting its oil growth demand forecast for a sixth consecutive month, citing a weak global economy.
European shares <.FTEU3> were down 0.5 percent after euro zone finance ministers imposed further conditions before approving a rescue package for Greece, causing investors further anxiety about the region's debt crisis.
On Thursday, the Dow Jones industrial average <.DJI> rose 6.51 points, or 0.05 percent, at 12,890.46. The Standard & Poor's 500 Index <.SPX> was up 1.99 points, or 0.15 percent, at 1,351.95. The Nasdaq Composite Index <.IXIC> was up 11.37 points, or 0.39 percent, at 2,927.23.
(Reporting by Atul Prakash. Editing by Jane Merriman)
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