Here are 10 things you should know for Thursday, July 10:
1. -- U.S. stock futures were pointing lower Thursday after equities got a lift during the previous session from the Federal Reserve meeting minutes.
European stocks declined on weaker-than-expected French consumer price data, disappointing industrial output figures for both France and Italy, and troubles at Portugal's largest listed bank.
Stocks close mostly higher in Asia but Japan's Nikkei 225 slipped 0.6%
2. -- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, and wholesale inventories for May at 10 a.m.
3. -- U.S. stocks gained ground after the release of the much-watched minutes of the Federal Reserve's chief policy-making committee showed that the central bank is preparing to end its historic program of monetary easing as soon as October.
The Dow Jones Industrial Average added 0.5% to close at 16,985.61 while the S&P 500 similarly gained 0.5% to end the regular trading day at 1,972.83. The Nasdaq rose 0.6% to 4,419.03.
4. -- Allergan
CEO David Pyott is looking at potential sizable acquisitions at the urging of his shareholders, he told The Wall Street Journal , as he seeks to fight off a $53 billion hostile offer from Valeant Pharmaceuticals
and activist investor William Ackman.
Pyott said Allergan was considering some U.S. companies and some that are domiciled outside the U.S., which could set the stage for a potential tax-cutting deal.
Pyott wasn't specific about potential deal partners or whether any conversations were under way. The CEO also said he has talked with shareholders about a potential sizable share repurchase or a special dividend, the Journal reported.
5. -- U.S. Attorney General Eric Holder has formally refused to meet with Bank of America
CEO Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank remain at a standstill, Reuters reported, citing people familiar with the matter.
In a letter sent in the second half of June, Holder told Moynihan that the parties remained too far apart for a meeting to be productive, one source told Reuters. No talks between Bank of America and the Department of Justice have taken place since the second week in June, several people said.
Bank of America has discussed paying about $12 billion to settle the probes, including a portion to help struggling homeowners, while the Justice Department had suggested a $17 billion settlement, Reuters reported, citing sources.