Stock index futures signal pause after selloff
U.S. stock index futures pointed to a flat open on Wall Street on Thursday, with futures for the S&P 500 down 0.03 percent, Dow Jones futures up 0.03 percent and Nasdaq 100 futures up 0.06 percent at 4:40 a.m. EST.
* EBay
* Seagate Technology Plc
* Ford Motor
* The top executive of Procter & Gamble
will take corporate America's case for a lower tax rate to U.S. lawmakers on Thursday, and also call for an end to taxation of foreign-earned profits.
* On the earnings front, investors awaited a flurry of results from companies such as Google
* Google is expected to report a 22 percent jump in fourth-quarter revenue thanks to a busy holiday season, though it will face questions about long-term growth.
* On the macro front, investors awaited weekly jobless claims, leading indicators for December and existing home sales for December.
* Airline companies will be in focus after Australia's largest airline Qantas Airways
* The euro slipped against the dollar on Thursday as weaker global shares stifled appetite for higher-risk currencies, prompting investors to book profits on the single currency's rally to a two-month high.
* Japan's Nikkei average fell on Thursday as weaker-than-expected earnings by key U.S. technology and banking firms, strong Chinese growth data and a weaker dollar prompted investors to lock in profits.
* European stocks were down slightly in morning trade, extending the previous sell-off, led lower by cyclical mining and tech shares, which have strongly gained over the past few months.
* The S&P 500 suffered its biggest decline in nearly two months on Wednesday as disappointing results from Goldman Sachs and Wells Fargo put a damper on the rally.
* The Dow Jones industrial average <.DJI> fell 12.64 points, or 0.11 percent, to 11,825.29. The Standard & Poor's 500 Index <.SPX> lost 13.10 points, or 1.01 percent, to 1,281.92. The Nasdaq Composite Index <.IXIC> dropped 40.49 points, or 1.46 percent, to 2,725.36.
(Reporting by Blaise Robinson; Editing by Hans Peters)
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