Wall St futures point to flat open; earnings eyed

* Futures for the Dow Jones industrial average (DJc1: ), the
S&P 500 (SPc1: ) and the Nasdaq 100 (NDc1: ) were little changed at
0757 GMT, pointing to a flat open on Wall Street on Friday.

* Investors’ focus will be on key company results, including
from Bank of America (BAC.N: ), Citigroup (C.N: ), General Electric
(GE.N: ) and Mattel (MAT.O: ).

Bank of America shares in Frankfurt (BAC.F: ) advanced 2.3
percent, while General Electric shares in Frankfurt (GEC.F: ) rose
2.5 percent.

* Oil is no longer spewing into the Gulf of Mexico, at least
temporarily, as BP Plc (BP.L: ) (BP.N: ) said it choked off the flow
from its undersea well that ruptured in April and caused the
worst offshore oil spill in U.S. history. [ID:nN15255571]

* Stress tests on European banks should not reveal any
“catastrophes” but the reviews should be tough, the chairman of
euro zone finance ministers, Jean-Claude Juncker, was quoted as
saying. [ID:nLDE66F0AZ]

* U.S. Labor Department releases at 1230 GMT the June
Consumer Price Index (CPI) and Real Earnings for June.

* Apple Inc (Read more about Apple stock future.) (AAPL.O: ) is likely to announce a fix for the
iPhone 4’s reception problems on Friday rather than recall the
device, hoping to stem a growing chorus of complaints and avert
any lasting damage to its carefully earned reputation for
quality products. [ID:nN15236848]

* U.S. Treasury Dept issues at 1300 GMT net capital inflows
and foreign treasury purchases for May. In April, net capital
inflows were $83.0 billion and foreign net purchases of U.S.
treasuries stood at $76.39 billion.

* On Thursday, Google Inc (Read more about Google Stock Analysis) (GOOG.O: ) missed Wall Street’s
quarterly profit estimates for the first time in two years after
a spike in expenses offset a 24 percent revenue jump, but it
vowed to keep investing in new businesses to drive long-term
growth. [ID:nLDE66F02S]

* Thomson Reuters/University of Michigan Surveys of
Consumers release July preliminary consumer sentiment index at
1355 GMT. Economists in a Reuters survey expect a reading of
74.5 compared with 76.0 in the final June report.

* The U.S. Congress on Thursday approved the broadest
overhaul of financial rules since the Great Depression and sent
it to President Barack Obama to sign into law. [ID:nN15226910]

* Economic Cycle Research Institute (ECRI) releases at 1430
GMT its weekly index of economic activity for the week ended
July 9. In the prior week the index read 121.5.

* Agricultural Bank of China’s (1288.HK: ) $19.3 billion IPO
limped across the finish line on Friday after a hectic
three-month sprint, its modest Hong Kong debut gains reflecting
valuations concerns and tough markets. [ID:nTOE66E08A]

* Boston Scientific Corp’s (BSX.N: ) Chairman Pete Nicholas
and board member John Abele are selling millions of shares from
the medical device company they founded decades ago, prompted in
part by banks, a Wall Street Journal report said.

* Shares in AVI BioPharma Inc (AVII.O: ) rose 22.1 percent in
after hours trading on Thursday after the company said it was
awarded a new contract with the U.S. Department of Defense
chemical and biological defense program.

* U.S. stocks (Read more about the stock market today. ) ended little changed on Thursday, recouping
losses late in the day, led by a sudden turnaround in Goldman
Sachs and BP.

* The Dow Jones industrial average (.DJI: ) dipped 7.41
points, or 0.07 percent, to end at 10,359.31. The Standard &
Poor’s 500 Index (.SPX: ) added 1.31 points, or 0.12 percent, to
1,096.48. The Nasdaq Composite Index (.IXIC: ) was off 0.76 of a
point, or 0.03 percent, to 2,249.08.

* Goldman Sachs Group (GS.N: ) shares advanced further in
after-hours trading on Thursday after the company agreed to pay
$550 million to regulators to settle civil fraud charges.
Goldman shares rose 5.2 percent to $152.75. Goldman shares in
Frankfurt (GS.F: ) surged nearly 10 percent.

* European stocks moved higher in early trade on Friday,
reversing some of the losses suffered in the previous session,
with BP (BP.L: ) surging 5.6 percent after saying it had capped
its leaking well in the Gulf of Mexico.

* Japan’s Nikkei average (.N225: ) fell nearly 3 percent on
Friday for its worst one-day percentage loss in over a month as
investors took profits before a long weekend, worried that the
yen could rise further towards 15-year highs against the dollar.
(Reporting by Atul Prakash; editing by Simon Jessop)

Wall St futures point to flat open; earnings eyed