Wall St futures point to higher open; data eyed

* Futures for the Dow Jones industrial average (DJc1: ), the
S&P 500 (SPc1: ) and the Nasdaq 100 (NDc1: ) rise 0.5 to 0.6
percent, pointing to a stronger start on Wall Street on Friday.

* Labor Department releases at 1230 GMT the July Consumer
Price Index. Economists in a Reuters survey expect a 0.2 percent
increase, compared with a 0.1 percent decrease in June.

* July retail sales data will be released at 1230 GMT.
Economists expect a 0.5 percent rise compared with a 0.5 percent
drop in June.

* Retailer J.C. Penney Co Inc (JCP.N: ) is scheduled to report
second-quarter results.

* Investors wait for Real Earnings figures for July, due at
1230 GMT. Economists expect earnings to be unchanged, compared
with a 0.2 percent drop in June.

* At 1355 GMT, Thomson Reuters/University of Michigan
Surveys of Consumers release preliminary August consumer
sentiment index. Economists in a Reuters survey expect a reading
of 69.3 compared with 67.8 in the final July report.

* India may shut down Google (GOOG.O: ) and Skype
Internet-based messaging services over security concerns, the
Financial Times reported on Friday, as the government threatened
a similar crackdown on BlackBerry services. [ID:nSGE67C00W]

* Commerce Dept issues at 1400 GMT Business Inventories for
June. Economists expect a rise of 0.2 percent versus a 0.1
percent increase in the prior month.

* At 1430 GMT, Economic Cycle Research Institute (ECRI)
releases its weekly index of economic activity for Aug. 6. In
the prior week the index read 121.8.

* Resource-related stocks will be in focus after oil jumped
by a dollar to above $76 a barrel in a technical rebound from
the steepest three-day decline since mid-May, and as the euro
surged after strong second quarter German economic growth.

* European shares rose in early trade on Friday as
better-than-expected economic growth in Germany and France
boosted investors’ sentiment, and with miners and oil majors
rising on firmer commodity prices.
* Shares of Telestone Technologies Corp (TSTC.O: ) fell 12
percent, while Nvidia Corp (NVDA.O: ) jumped 6 percent in extended
trade on Thursday after the companies reported results.

* U.S. stocks (Read more about the stock market today. ) ended down for a third straight day on
Thursday as an unexpected rise in jobless claims and a sobering
revenue outlook from Cisco underscored the hurdles to economic
recovery.

* The Dow Jones industrial average (.DJI: ) slipped 58.88
points, or 0.57 percent, to 10,319.95. The Standard & Poor’s 500
Index (.SPX: ) dropped 5.86 points, or 0.54 percent, to 1,083.61.
The Nasdaq Composite Index (.IXIC: ) tumbled 18.36 points, or 0.83
percent, to 2,190.27.
(Reporting by Atul Prakash; Editing by David Cowell)

Wall St futures point to higher open; data eyed