Stock index futures point to mixed open
U.S. stock index futures pointed to a mixed opening on Wall Street on Monday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures gaining 0.3 percent and Nasdaq 100 futures up 0.3 percent at 4:50 a.m. ET.
* At a summit in Toronto on Sunday leaders of the Group of 20 adopted a more flexible timeline for banks to build up higher levels of capital and liquidity.
* The G20 leaders also agreed to take divergent paths on ways to trim budget deficits while ensuring that the global economic recovery remains intact, a reversal from the unity of the past three crisis-era G20 summits.
* Back at home President Barack Obama's efforts to win final approval in Washington for a historic financial regulatory reform bill looked more complicated on Saturday after a Republican senator threatened to oppose it.
* Oil touched its highest price in almost eight weeks on Monday, trading near $79 as tropical storm Alex forced Mexico to slow oil exports and some offshore U.S. producers to evacuate platforms and curb output.
* The dollar was on the defensive on Monday as investors sought to cut long positions built in favor of the greenback, while the euro held gains as the focus shifted to the sustainability of a U.S. recovery from the euro zone debt woes.
* Russian President Dmitry Medvedev called on Sunday for a special levy on oil companies to finance a fund to help clean up environmental disasters such as BP's oil spill in the Gulf of Mexico.
* Financial woes may force majority state-owned Dubai Aerospace Enterprise (DAE) to renegotiate some 220 aircraft orders with Boeing and Airbus , French daily Les Echos said on Monday.
* Air China <601111.SS> <0753.HK> said late on Friday that it would buy 20 Boeing 777-800 airliners for $1.4 billion.
* Miners will be in the spotlight after the Australian government's hopes of defusing a damaging row over its planned mining tax hit a snag on Monday when the Greens party vowed to block any attempt to seriously water down the tax. New prime minister Julia Gillard, who replaced Kevin Rudd last week, wants to strike a quick deal with miners to neutralize the tax issue at this year's general election and shore up support for the ruling Labor party.
* On the macro front investors awaited the Commerce Department's May personal income and consumption data, due at 8:30 a.m. ET, and the Chicago Fed National Activity Index for May, due at 8:30 a.m. ET.
* Japan's Nikkei average edged down to its lowest close in more than two weeks on Monday as its technical picture darkened, with market players saying the next target could be the six-month low hit earlier this month.
* European stocks rose in morning trade, led by the banking sector as the G20 adopted a more flexible timeline for banks to build up higher levels of capital and liquidity. The FTSEurofirst 300 index <.FTEU3> was up 0.8 percent at 1,021.61 points.
* In New York on Friday the Nasdaq and S&P 500 edged higher on relief that a U.S. financial regulation bill wouldn't crimp profits as badly as feared, while Oracle's strong results reignited hopes on corporate spending.
* The Dow Jones industrial average <.DJI> was down 8.99 points, or 0.09 percent, at 10,143.81. The Standard & Poor's 500 Index <.SPX> was up 3.07 points, or 0.29 percent, at 1,076.76. The Nasdaq Composite Index <.IXIC> was up 6.06 points, or 0.27 percent, at 2,223.48.
* The Dow fell 2.9 percent for the week, the S&P 500 was off 3.6 percent and the Nasdaq Composite fell 3.7 percent.
(Reporting by Blaise Robinson; Editing by Greg Mahlich)
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