Futures point to Wall Street slipping after surge

* Shares on Wall Street were set for a slightly lower open
on Thursday, after logging its biggest one-day gain in about six
weeks in the previous session, when it was boosted by a bullish
forecast from financial company State Street (STT.N: ).

* At 0848 GMT, futures for the Dow Jones index (DJc1: ) were
down 0.2 percent, S&P 500 futures (SPc1: ) shed 0.3 percent and
futures for the Nasdaq (NDc1: ) were down 0.4 percent.

* The FTSEurofirst 300 (.FTEU3: ) index of leading European
shares was up 0.5 percent at 1,011.47 points, extending a rally
into a third day. Banks were among the major gainers.

* In data due at 1230 GMT, U.S. initial jobless claims are
expected to have slipped to 460,000, having jumped back up to
472,000 from 457,000, returning to where they were two weeks
prior. Claims have flattened out at an elevated level,
considerably higher than the pre-recession norm.

* A U.S. appeals court hears oral arguments on the Obama
administration’s request to stay a ruling that lifted its
six-month moratorium on deepwater oil drilling. The
administration is trying to keep the suspension in place after
the BP (BP.L: ) well blowout, but a federal judge agreed to block
it at the request of drilling companies because it said the
suspension was too broad and arbitrary.

* Crude prices (CLc1: ) jumped to a one-week high above $75 on
Thursday, reinforcing overnight gains triggered by an industry
report showing U.S. crude inventories plunged last week, and
boosted by the surge in equities.

* The International Monetary Fund upgraded its 2010 global
growth forecast on Thursday, citing robust expansion in Asia and
renewed U.S. private demand, but warned the euro area’s debt
crisis posed a big risk to recovery.

* Human rights advocates have called for a probe into
Transocean Ltd’s (RIG.N: ) (RIGN.VX: ) recent dealings in Myanmar,
the New York Times reported. They cite its involvement in a
drilling project that apparently included a company that is
suspected of having ties to two men accused of laundering money
for Myanmar’s government.

* Wall Street rose sharply on Wednesday after State Street
said quarterly earnings would far exceed expectations, sending
its shares up 9.9 percent. It also fuelled optimism about the
coming earnings season.

* The Dow Jones industrial average (.DJI: ) rose 2.8 percent.
The Standard & Poor’s 500 Index (.SPX: ) and Nasdaq Composite
Index (.IXIC: ) both advanced 3.1 percent. It was the indexes’
biggest percentage advance since May 27.

(Reporting by Brian Gorman; Editing by Michael Shields)

Futures point to Wall Street slipping after surge