US STOCKS-Futures edge up ahead of jobless claims

* For up-to-the-minute market news see [STXNEWS/US]

NEW YORK, Sept 9 (BestGrowthStock) – U.S. stock index futures rose
for a sixth day in seven on Thursday ahead of weekly data that
was expected to show a tick down in applications for
unemployment insurance.

* Data on claims for jobless benefits for the week ended
Sept. 4 is due at 8:30 a.m. EDT (1230 GMT) and economists in a
Reuters survey forecast a total of 470,000 new filings compared
with 472,000 in the prior week.

* Investors will also keep an eye on July international
trade data. Economists in a Reuters survey forecast a $47.3
billion deficit compared with a $49.9 billion deficit in June.

* “Investors are betting that we are probably not far from
an economic rebound, and with bonds offering not much of a
yield the risk-reward profile in equities is becoming
appealing,” said Andre Bakhos, director of market analytics at
Lek Securities in New York.

* S&P 500 futures (SPc1: ) rose 3.8 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 (DJc1: ) gained 28
points and Nasdaq 100 futures (NDc1: ) added 7.75 points.

* Volume is expected to be low again as the Jewish New Year
is celebrated and many market participants stay on the
sidelines. The six lowest volume days of the year have come in
the last month.

* Oil rose 0.6 percent to above $75 a barrel, drawing some
strength from an initial report of falling U.S. inventories.
Industry data late on Wednesday surprised the market with news
of a decline in U.S. fuel stockpiles, which have hit record
levels, but government statistics for release on Thursday could
contradict that.

* Convenience store operator 7-Eleven is the mystery third
party that offered to buy Casey’s General Stores Inc (CASY.O: )
for $40 a share, or $2.03 billion, a source familiar with the
situation said on Wednesday. The bid exceeds the $38.50 a share
offered by Canada’s largest convenience store chain,
Alimentation Couche-Tard Inc (ATDb.TO: ), which has been
embroiled in a hostile takeover bid for the smaller rival since
April. [ID:nN08129219]

* Goldman Sachs (GS.N: ) has been fined 17.5 million pounds
($27 million) by a UK financial regulator for failing to
disclose it was under fraud investigation by its U.S.
counterpart.

* European stocks edged higher with miners and banks up as
an European Central Bank member expressed optimism on the
economy, though gains were capped by weaker retailers after
gloomy updates.

* U.S. stocks (Read more about the stock market today. ) rose on Wednesday as investors latched onto
positive news out of Europe.
(Reporting by Rodrigo Campos, Editing by Chizu Nomiyama)

US STOCKS-Futures edge up ahead of jobless claims