March 7 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Friday, March 7:
1.-- U.S. stock futures were flat and European and Asian shares were muted on Friday ahead of U.S. jobs data.
European stocks were lower. Asian shares ended the session mixed. Japan's Nikkei 225 stock average gained 0.9%
2.-- The economic calendar in the U.S. on Friday includes the nonfarm payrolls report for February at 8:30 a.m. EST, the trade balance for January at 8:30 a.m. and consumer credit for January at 3 p.m.
3.-- U.S. stocks on Thursday finished mixed but the S&P 500 settled at another record high amid fewer jobless claims.
The S&P 500 rose 0.17% to close at 1,877.03 while the Dow Jones Industrial Average gained 0.38% to 16,421.89. The Nasdaq fell slightly to 4,352.13.
4.-- Russia's parliament on Friday supported Crimean lawmakers who want to see their region split from Ukraine and join Russia, CNN reported. Russia said no sanctions imposed by the United States or Europe will change its mind.
President Obama urged Russian President Vladimir Putin in a one-hour phone call on Thursday to pursue a diplomatic solution to the military incursion into Crimea, including direct talks between Russia and Ukraine with outside observers, USA Today reported.
Cerberus-backed Albertsons will offer Safeway shareholders $32.50 a share in cash, in addition to a contingent consideration worth an estimated $3.65 a share and a distribution of stock in Blackhawk Network Holdings
The deal stipulates that Safeway will conduct a 45-day "go shop" to seek a higher bid than Albertson's offer of $40 a share. Supermarket giant Kroger
Safeway shares fell 2.5% in premarket trading to $38.50.
6. -- Dorian Prentice Satoshi Nakamoto said Thursday that he isn't the creator of bitcoin, adding further mystery to the story of how the world's most popular digital currency came to be.
The denial came after Newsweek published a 4,500-word cover story claiming Nakamoto is the person who wrote the computer code underpinnings of bitcoin.
In an exclusive two-hour interview with The Associated Press , Nakamoto, 64, denied he had anything to do with it and said he had never heard of bitcoin until his son told him he had been contacted by a Newsweek reporter three weeks ago.