Wall St futures rise after $1 trillion EU/IMF deal

* U.S. stock index futures pointed to a strong start for
Wall Street on Monday, with shares set to rebound as confidence
was boosted after global policymakers came up with an emergency
rescue package worth around $1 trillion aimed at preventing
Greece’s debt crisis from spreading through the euro zone.

* By 0909 GMT, futures for the Dow Jones (DJc1: ) rose 3.8
percent, S&P 500 futures (SPc1: ) were up 4.7 percent and Nasdaq
futures (NDc1: ) rose 4.6 percent.

* The rescue, hammered out by European Union finance
ministers, central bankers and the International Monetary Fund
in marathon weekend talks, was the largest in more than two
years since G20 leaders threw money at the global economy
following the collapse of Lehman Brothers [ID:nSGE6490HH].

* The U.S. Federal Reserve reopened currency swap lines with
several central banks to try to assure markets of dollar
liquidity and the European Central Bank said it would buy
government debt to steady investor nerves.

* In Europe, the pan-European FTSEurofirst 300 (.FTEU3: )
index of top shares was up 5.5 percent, rebounding from their
biggest weekly drop in nearly 18 months.

* U.S. stocks (Read more about the stock market today. ) turned negative for the year on Friday on
fears of another credit crisis stemming from Greece’s souring
finances and lingering questions about what triggered the
previous session’s dramatic plunge.

* The weekly declines for the Dow and the S&P 500 were the
steepest since March 2009 when the market hit a 12-year low. The
Nasdaq had its largest weekly drop since November 2008.

* The heads of leading U.S. stock market operators have been
called to Washington for an emergency meeting on Monday, to
address whether levers need to be added in trading systems to
halt sudden plunges in individual stocks, a source familiar with
an investigation into the events said [ID:nN09274100].

* Among quarterly corporate earnings set for release on
Monday are Dean Foods (DF: ), Priceline.com (PCLN.O: ), Fluor Corp
(FLR: ), Tyson Foods (TSN: ), and Legg Mason (LM: ).

* Boeing Co (BA.N: ) is on track to deliver its first 787
Dreamliner, which will compete with Airbus’s (EAD.PA: ) A380 jet,
the company’s head of commercial airplanes said late on
Saturday. [ID:nLDE6480DM]

* American International Group (AIG.N: ) cancelled a plan to
hire Goldman Sachs Group Inc (GS.N: ) for restructuring advice,
and is turning to Citigroup Inc (C.N: ) and Bank of America Corp
(BAC.N: ) instead, a source familiar with the matter said on
Friday [ID:nN07236015].

* Britain’s Prudential (PRU.L: ) has made progress in
make-or-break talks with UK regulators over its acquisition of
AIG’s Asian arm, and is close to announcing a deal, sources
familiar with the matter said. [ID:nLDE64806M]

* Simon Property Group (SPG.N: ) walked away from its $6.5
billion bid for General Growth Properties Inc (GGP.N: ) and said
it will not return to the table after its bitter mall rival
chose a competing offer as the starting bid in a bankruptcy
auction.

* Johnson & Johnson (JNJ.N: ) Chief Executive Bill Weldon told
consumers in an open letter published on Friday on the
drugmaker’s blog that the recent recalls of some of its
medicines were “a disappointment to me” and to the company and
its employees.

* President Barack Obama on Saturday touted the benefits of
his U.S. healthcare overhaul, renewing a bid to counter
Republican criticism and ease public doubts more than a month
after he signed reform into law. [ID:nN07147590]

* Lawmakers in the United States plan, as early as Monday,
to introduce an amendment to the financial reform legislation
being debated by the Senate that aims to ban investment banks
from betting against their customers, the Wall Street Journal
said. [ID:nSGE64902K]

Stock Investing

(Reporting by Harpreet Bhal)

Wall St futures rise after $1 trillion EU/IMF deal