Wall St futures point to higher open for U.S. stocks

* U.S. stock index futures pointed to a higher open for Wall
Street on Monday, with futures for the S&P 500 (SPc2: ), the Dow
Jones industrial average (DJc2: ) and Nasdaq futures (NDc2: ) up 0.7
to 0.9 percent by 0851 GMT.

* Some relief is expected in the banking sector, after
regulators gave lenders a longer-than-anticipated transition
period to comply with tough new capital requirement rules under
Basel III.

* Global regulators agreed on Sunday to force banks to more
than triple the amount of top-quality capital they must hold in
reserve but gave the lenders transition periods, extending in
some cases to January 2019 or later, to comply with the rules.
[ID:nLDE68B0BP]

* Some expectations of a brightening outlook for the economy
were bolstered by data on Friday showing U.S. wholesale
inventories surged the most in two years in July. [ID:nN09174403

* The Dow (.DJI: ) and S&P 500 (.SPX: ) closed the week with
their seventh gain in eight sessions in a turnaround period for
stocks that has seen investors’ worst fears about the economy
start to dissipate.

* Data set for release on Monday include August’s Federal
Budget statement at 1800 GMT.

* Later in the week, notable data scheduled for release
include U.S. retail sales for August on Tuesday, producer price
index figures for the same period on Thursday and August
consumer price index (CPI) numbers on Friday.

* In company news, UBS (UBS.N: ) and Credit Suisse (CS.N: ) must
hold over 20 billion Swiss francs ($19.6 billion) more in
capital as a consequence of new international standards, the
newspaper NZZ am Sonntag reported, citing experts familiar with
the matter.

* Goldman Sachs Group Inc (GS.N: ) is in the process of
shuffling its ranks of partners and could well name as many as
100 executives to the coveted post this year, the New York Times
said. [ID:nSGE68C04P]

* BP (BP.L: ) believes compensation claims related to its Gulf
of Mexico oil spill will be less than the $20 billion the oil
giant has put into an independent claims fund, analysts at
Citigroup said, following a meeting with incoming Chief
Executive Bob Dudley. [ID:nLDE68C05E]

* British defence company BAE Systems (BAES.L: ) on Monday
said it had hired advisors to sell its Platform Solutions
business. Sources told Reuters on Saturday that BAE was looking
to sell part of its North American commercial aerospace business
in an auction that could generate up to $2 billion.
[ID:nN11121174]

* Hewlett-Packard Co (HPQ.N: ) is nearing a deal to buy
cybersecurity company ArcSight Inc (ARST.O: ) for about $1.5
billion, the Wall Street Journal reported on Sunday, the latest
in a series of tech sector transactions.

* Car rental company Hertz Global Holdings Inc (HTZ.N: )
struck a sweetened $1.56 billion deal to buy Dollar Thrifty
Automotive Group Inc (DTG.N: ) on Sunday, outdoing a rival bid
from Avis Budget Group Inc (CAR.N: ). [ID:nN12263946]

* In Europe, the FTSEurofirst 300 index (.FTEU3: ) rose to its
highest intraday level since late April by mid morning trade,
with banks boosted by relief over a long transition period for
lenders to comply with Basel III capital requirement rules.
(Reporting by Harpreet Bhal; Editing by Louise Heavens)

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