US futures tick up ahead of data

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WallStreet1234 Reuters. A Wall Street sign is pictured outside the New York Stock Exchange in New York.

New York - US stock index futures ticked higher on Thursday ahead of labour and factory data, while developments in the Ukrainian crisis kept traders on edge.

* Crimea's parliament voted to join Russia on Thursday and its Moscow-backed government set a referendum for March 16 on the decision, in a dramatic escalation of the crisis between Russia and the West over the Ukrainian Black Sea peninsula.

* Moscow stocks fell 2.5 percent and the ruble weakened 0.8 percent versus the US dollar after the Crimean vote.

A US-traded Russian ETF fell 2.1 percent in light premarket trading.

* The US economic calendar includes weekly applications for unemployment insurance at 8:30 a.m. EST (15:30 SA time), with sales and orders for long-lasting items due at 10:00 a.m. EST.

* S&P 500 e-mini futures rose 3.5 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.

Dow Jones industrial average futures rose 31 points and Nasdaq 100 futures added 4.5 points.

* On Wednesday, major US equity indexes were little changed, with the S&P 500 down just 0.1 point from its record close Tuesday.

* Costco shares fell 3 percent in light premarket trading after the warehouse club operator's quarterly profit fell 15 percent, missing analysts' estimates.

* Shares of Staples dropped 9 percent in premarket trading after the largest US office supplies retailer forecast a fall in sales and said it would close up to 225 stores in North America by 2015. - Reuters


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