Stock Futures Look for Higher Open with Sprint Nextel (S) and Ruby Tuesday (RT) on the move
Posted on October 11, 2012 at 08:33 AM EDT
Stock futures turned higher this morning after reports that Japan's Softbank is in talks to acquire telecom operator Sprint Nextel (S). Cuts by two central banks also helped ease investor worries about growth and after the IMF said Greece should be granted more time to implement austerity and reforms. Central banks in Brazil and South Korea cut rates by a quarter percentage point. On the economic front today, the Commerce Department will release its international trade report before the open. Economists expect the trade deficit to have risen in August to $44 billion from $42 billion in the previous month. In addition, the Labor Department will release weekly initial jobless claims before the o...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)