Stock index futures pointed to a weaker open on Wall Street on Wednesday, extending losses to a sixth straight session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.4 to 0.6 percent.
U.S. drugmaker Merck & Co
The Mortgage Bankers Association releases its Weekly Mortgage Market Index for the week ended June 3 at 1100 GMT (7 a.m. ET). The mortgage market index read 519.4 and the refinancing index was 2,442.9 in the previous week.
The Federal Reserve issues the Beige Book, a summary of economic conditions in the 12 Federal Reserve districts, at 1800 GMT (2 p.m. ET).
Resource-related shares will be in focus as crude oil fell ahead of an OPEC meeting where members are expected to agree to raise global supplies to rein in high prices. Key base metals prices also fell.
Allowing a brief U.S. debt default to force government spending cuts is a horrible idea that could destabilize the world economy and sour already tense relations with big creditors like China, government officials and investors said on Wednesday.
The Federal Reserve does not need to consider additional monetary policy stimulus as the world's largest economy is likely to pick up in coming quarters due to growth in exports and disposable incomes, IMF acting chief John Lipsky said on Wednesday.
The U.S. Securities and Exchange Commission said it got a court order freezing the proceeds of certain suspicious trade in energy software provider Telvent
Indian state-run gas firm GAIL (India)
China still grapples with elevated inflationary pressures, partly due to higher prices of imported goods, a senior government official said on Wednesday.
Britain is at risk of losing its prized triple-A credit rating if growth remains weak and the government fails to meet its debt-cutting target, a senior analyst at Moody's was quoted as saying on Wednesday.
European shares fell 1.1 percent on Wednesday on weaker miners, while the Nikkei average <.N225> edged higher, holding above key support near the bottom of its post-quake range as foreign investors were lured into buying by cheap valuations.
U.S. stocks extended a losing streak for a fifth day on Tuesday on mounting concerns about the economy after bearish comments from Federal Reserve Chairman Ben Bernanke.
The Dow Jones industrial average <.DJI> slipped 19.15 points, or 0.16 percent, to end at 12,070.81. The Standard & Poor's 500 Index <.SPX> declined 1.23 points, or 0.10 percent, to 1,284.94. The Nasdaq Composite Index <.IXIC> shed 1.00 point, or 0.04 percent, to finish at 2,701.56.
(Reporting by Atul Prakash; Editing by Hans Peters)