The future shares gain on optimism before claims unemployed - Reuters

 Traders work on the floor of the New York Stock Exchange at the beginning of the trade session at New York, 3 January 2011.Credit: Reuters, Mike SegarBy Rodrigo Campos

NEW YORK | Thursday January 6, 2011 7: 51 pm EST

NEW YORK (Reuters) - Stock index future rose Thursday after surprisingly strong optimistic feeling of job creation data suggested that the larger global economy was on a solid recovery path.

Emphasis will be placed on initial jobless claims report, expected at 8: 30 a.m. EST and displays an increase of 400,000 applications, 388 000 in the previous week.

After having hit a high of 1 278 Wednesday and on the heels of better economic data, the S & P 500 faced resistance in the region of 1 300-1,325 according to Paul Mendelsohn, investment Chief Strategist at Windham financial in Charlotte, Vermont).

Jobless claims will come a day after a report showing employers in the private sector has added a surprising jobs 297,000 in December, prompting economists to raise predictions for widely followed Government payroll numbers expected Friday.

Mendelsohn said claims unemployed could rise as forecast without doing too much damage on the stock market. "This would mean that the tendency is always positive." "Number of Friday will be critical and this is what the market is really gearing for", he said.

S & P 500 future increased by 4 points were above fair value, a formula that evaluates prices taking into account interest rates, dividends and the time of expiry of the contract. Dow Jones industrial average future acquired 34 points and Nasdaq 100 future added 8 points.

In a memo Wednesday, Citigroup said he anticipated 2011 to be a year of "strong but uneven global growth" and upgraded U.S. shares to "neutral".

Several major retailers U.S. missed Great Wall Street expectations for sales December blizzard flabbergasted paralytic slowdown a shopping for two months. Still, Costco Wholesale Corp. (cost).(O) posted an increase of 6% in sales even store.

U.S. - traded shares of BP Plc (BP).(L) (PB.)(N) and Transocean Ltd (RIGN.)(VX) (RIG.)(N) is a scathing report from a panel of U.S. presidential who blames the worst-ever U.S. spill over the risky decisions. BP has increased by 2.1% to $47.48 and Transocean earned 1 per $100 at 74.

The growth of new jobs in the sector private prediction of three times, transformed losses early Wall Street gains Wednesday. Financial shares has paved the way, as the Dow Jones industrial average.DJI added 0.3 percent, the Standard & Poor of 500.SPX increased by 0.5% and Nasdaq.IXIC Composite index had increased by 0.8%.

(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)