Wednesday 11 February 2015

Futures little changed ahead of Greek debt talks

U.S. stock index futures were little changed on Wednesday, after the S&P 500 climbed to its highest level of the year and ahead of a meeting of euro zone finance ministers to discuss plans for Greece's debt. 
* Greek Prime Minister Alexis Tsipras comfortably won a confidence vote on his plan to cancel a deeply unpopular bailout program ahead of the meeting of euro zone finance ministers. EU leaders will meet on Thursday to discuss the Greek debt crisis.

* The benchmark S&P index .SPX rose more than 1 percent on Tuesday on hopes negotiations would result in a deal to help resolve Greek debt problems and stabilize the euro zone. The index is now down 1.1 percent from its latest record high set on Dec. 29.

* PepsiCo (PEP.N) rose 2.6 percent to $100.50 before the opening bell after the maker of soft drinks and Tropicana beverages posted quarterly results.

* Despite some high-profile earnings misses from large multinational companies, largely as a result of dollar strength, Thomson Reuters data through Tuesday morning showed 72.7 percent of the 341 S&P 500 components that have reported earnings topped expectations, above the 69 percent beat rate in the past four quarters.

* Apple Inc (AAPL.O) will buy about $850 million of power from a First Solar (FSLR.O) plant in California to cut its energy bill and supply energy to the company's campus, offices and stores in the state. Apple shares edged up 0.3 percent to $122.38 in premarket while First Solar climbed 2 percent to $49.50.

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