http://www.reuters.com/article/2011/11/10/us-markets-stocks-idUSTRE7A92M020111110

NEW YORK | Thu Nov 10, 2011 5:23am EST (Reuters) - Stock index futures pointed 
to a rebound on Wall Street on Thursday, with futures for the 
S&P 500 up 1.1 percent, Dow Jones futures up 0.9 percent and Nasdaq 
100 futures up 1 percent at 4:47 a.m. ET.
European stocks were up 
slightly in morning trade after reversing sharp losses in morning trade, with 
Italian shares rallying on fresh hopes the country will have a new government 
soon while the European Central Bank was reportedly buying 
the country's bonds to ease the tensions surrounding its debt pile.
German and French officials have discussed plans for a radical overhaul of the 
European Union that would involve setting up a more integrated and 
potentially smaller euro zone, EU sources say.
Cisco Systems Inc (CSCO.O) will be in focus after the group forecast revenue 
and earnings above Wall Street expectations as demand from government and 
enterprises for its network equipment remained resilient despite global 
economic troubles.
Shares of Cisco traded in Frankfurt (CSCO.F) were up 2.4 percent.
Boeing (BA.N) will also be in focus, after rival Airbus parent EADS's (EAD.PA) 
stock surged 5.5 percent following results and an outlook that reassured 
investors.
Global industrial group Siemens AG (SIEGn.DE) said it will pay a 
smaller-than-expected 11 percent increase in its 
full-year dividend and gave a cautious outlook after ending its year in a 
turbulent economic environment.
Deutsche Telekom (DTEGn.DE) still expects to close the sale of its T-Mobile USA 
unit for $39 billion to AT&T (T.N) on schedule, Telekom Chief Executive Rene 
Obermann said on Thursday.
Goldman Sachs Group Inc (GS.N) and Morgan Stanley (MS.N) are discussing whether 
to reduce their use of mark-to-market 
accounting, in which companies immediately take profits or losses as 
asset values fluctuate, the Wall Street Journal said.
Alabama's Jefferson County filed for bankruptcy court protection on Wednesday 
in 
the biggest municipal bankruptcy in U.S. history.
World oil demand will be lower than expected this year and next as economic 
slowdown and high prices curb consumption, the International Energy 
Agency (IEA) said on Thursday.
U.S. stocks tumbled 3 percent on Wednesday in the market's worst day since 
mid-August as a spike in Italian bond yields signaled the European debt 
crisis had worsened.
The Dow Jones industrial average .DJI was down 389.24 points, or 3.20 percent, 
at 11,780.94. The Standard & Poor's 500 Index .SPX was down 46.82 points, or 
3.67 percent, at 1,229.10. The Nasdaq Composite Index .IXIC was down 105.84 
points, or 3.88 percent, at 2,621.65.
(Reporting by Blaise Robinson; Editing by Hans-Juergen Peters)

 
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