Oil climbing 2.5 pct before Greek austerity vote (AP)

NEW YORK - oil climbed to more than 2% Tuesday ahead of a vote in Greece to approve difficult new financial reforms which would consolidate its economy at Bay.

Reference West Texas Intermediate acquired $2.28, or 2.5%, to settle at $92.89 per barrel Tuesday on the New York Mercantile Exchange. In London, gross Brent added $2.79 or 2.6%, to settle at $108.78 per barrel on the ICE Futures Exchange.

On its own financial problems of the Greece would not normally move global oil prices. But analysts say that if the country fails to pay its bills, his problems could spread to neighboring countries and undermine the economy of the European Union.

Reinforced of the euro against the dollar and led like oil. Oil, whose price is U.S. currency tends to increase as the dollar weakens and makes the barrels of crude cheaper for investors holding foreign funds.

Greek legislators will vote Wednesday and Thursday on a $ 40 billion austerity plan. Riots broke out in Athens Tuesday as spicy legislators new taxes, spending cuts and other reforms. The austerity plan is required for the country to receive money from rescue of the European Union and the Monetary Fund International.

Oil rose despite the weak another reading on consumer confidence in the United States, the largest consumer of oil in the world. A private research group said the consumer confidence slipped to a minimum of seven months on worries of work increased.

MasterCard SpendingPulse reported in its weekly survey that consumers purchased an average of 390.3 million litres of gas per day in the four weeks ending June 24, down 0.2 percent from the same period last year. It was the 14th consecutive decline for the average of four weeks in the MasterCard survey, based on credit card purchases.

During this time, the United States retail gasoline is passed to an average national $3.551 per gallon. A gallon of unleaded is less expensive that it was the last month, but it is always higher than the same period last year 79.5 23.9 cents cents.

In the other trade Nymex contracts in July, oil heating added 6.01 cents to settle at $2.8415 per gallon and future gasoline added 7.12 cents to settle at $2.8156 per gallon. Natural gas increased by 10.1 cents to settle at $4.357 per 1,000 cubic feet.

Wall Street before fall of U.S. Payroll futures

 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 Segar

NEW YORK | 7 Jan 2011 7: 19 pm EST

NEW YORK (Reuters) - U.S. stock index future just changed Friday, investors are waiting to see if U.S. nonfarm pay figures were also solid that it seemed to indicate the previous data.

* Economists expect government because payroll data at 8: 30 a.m. EST, show the US economy created 175 000 new jobs in December, the highest level since May.

* Some economists revised their forecasts higher after surprising ADP private sector figures of employment on Wednesday were triple forecasts.

* Overbought levels on the S & P 500.SPX has opened the door to the possibility of declines so disappointed of payroll. Technical support in the short term for the point of reference was found near 1,260, its moving average of 14 days. S & P closed Thursday at 1,273.85.

OSFI posts data will come after a 7.9% rise in the S & P 500 at the beginning of December, to this day.

* S & P 500 0.1 point toughened futures and fair value, a formula that evaluates prices taking into account the rate of interest, dividends and the time of expiry of the contract, has not changed. Dow Jones industrial average future increased by 7 points and Nasdaq 100 Futures fell to 4 points.

* Facing a Republican newly empowered skeptical of the Federal Reserve in its attempt to stimulate the U.S. economy, Chairman Ben Bernanke may turn off some optimism of Wall Street as it delivers testimony to Congress at 9: 30 pm EST.

* The Pentagon changed Lockheed Martin Corp. (LMT).(N) project fighter F-35 for the second time in a year and buy 41 Boeing Co (BA).(N) F/A-18 aircraft in the next three years to offset slower Lockheed production.

Treasury aging-out insurer American International Group, Inc. (AIG).(N) has approved a dividend which assumes that its recapitalization plan will close as soon as next week.

* Sara Lee Corp (SLE).(N) is considering spinning off the coast of its meat and coffee companies having rejected a takeover bid from the JBS Brazil his (JBSS3.)(SA), a source said.

* U.S. stocks were most Thursday lower than soft retail sales and a surge in the dollar sent the two manufacturers of Dow.DJI and S & P 500 down 0.2%. But Composite Nasdaq.IXIC increased by 0.3%.

(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)

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)