US STOCKS-Futures higher ahead of payrolls report


 * 190K U.S. jobs seen added, unemployment rate steady
 * European shares, oil rise
 * Break above 1,330 on S&P may trigger more buying
 * Futures up: Dow 38 pts, S&P 5.7 pts, Nasdaq 8.25 pts
 * For up-to-the-minute market news see [STXNEWS/US]
 By Ryan Vlastelica
 NEW YORK, April 1 (Reuters) - U.S. stock index futures were
higher on Friday ahead of an employment report expected to show
that the economy continued to add jobs.
 * The government's non-farm payrolls report, due at 8:30
a.m. EDT [1230 GMT], is seen showing a gain of 190,000 jobs in
March, while the unemployment rate is expected to remain steady
at 8.9 percent. Reports earlier this week suggested the outlook
for the labor market was improving.
 * European stocks and oil rose in anticipation of the
report, which could confirm the U.S. economy continued to gain
strength despite the turmoil in the Middle East and North
Africa and the nuclear crisis in quake-ravaged Japan.
 * Investors are also betting a strong payrolls number could
help the S&P 500 break above 1,330, a level that has been
unbreachable despite several attempts in the past month.
Technical momentum may kick in if it breaks past the level,
lifting stocks further and closing the gap to a 2011 high of
around 1,344.
 * S&P 500 futures (SPc1: Quote, Profile, Research) rose 5.7 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: Quote, Profile, Research) added 38
points and Nasdaq 100 futures (NDc1: Quote, Profile, Research) rose 8.25 points.
 * Other macroeconomic data scheduled for Friday includes
the Institute for Supply Management report for March, due at 10
a.m. EDT (1400 GMT). The release follows upbeat Chinese factory
data that eased concerns about monetary tightening. For
details, see [ID:nL3E7F104Q]
 * Friday is the first day of the second quarter. The S&P
gained 5.4 percent in the first quarter.
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  For a graphic on asset performance in Q1 click on 
http://r.reuters.com/wur78r
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 * The World Trade Organization said late Thursday that
Boeing Co (BA.N: Quote, Profile, Research) received at least $5.3 billion in illegal U.S.
subsidies. [ID:nLDE72U108]
 * Goldman Sachs Group Inc (GS.N: Quote, Profile, Research) borrowed five times from
the U.S. Federal Reserve's discount window since the start of
the financial crisis despite a senior executive's testimony
that the bank used it only once. [ID:nN31260744]
 * U.S. stocks ended the first quarter with the barest of
moves on Thursday.
  (Editing by Jeffrey Benkoe)






US STOCKS-Futures higher ahead of payrolls report