Business Today: Stock futures imply steep gains ahead of Bernanke

		Click to View in Browser 08/31/2012 Stock futures imply steep gains ahead of Bernanke NEW YORK (Reuters) - Stock index futures pointed to steep gains at the open on Friday as investors stepped back into equities ahead of a much-anticipated speech by Federal Reserve Chairman Ben Bernanke. Weidmann resignation report turns up heat on ECB's Draghi BERLIN/FRANKFURT (Reuters) - German central bank chief Jens Weidmann's reported threat to resign has piled pressure on European Central Bank President Mario Draghi to assuage his opposition to a new bond-buying plan without tying it up in so many knots it is rendered ineffective. Analysis: JPMorgan faces sea of trouble resolving "Whale" probe NEW YORK (Reuters) - The fallout from a nearly $6 billion trading loss at JPMorgan Chase & Co looks like it will haunt the big U.S. bank and its high-profile chief executive, Jamie Dimon, for months to come. Bernanke may hint at QE without boxing Fed in JACKSON HOLE, Wyoming (Reuters) - Federal Reserve Chairman Ben Bernanke will likely acknowledge the U.S. central bank is actively considering another round of monetary easing in his keynote Jackson Hole speech on Friday. Spain capital outflows rise nearly 40 percent in June MADRID (Reuters) - Spain saw close to a 40 percent rise in capital outflow in June, Bank of Spain data showed on Friday, as investor confidence in a country struggling to balance its public accounts eroded further. Japan's Nomura to cut another $1 billion of costs in overseas revamp TOKYO (Reuters) - Nomura Holdings Inc , Japan's largest investment bank, is cutting an additional $1 billion in costs in the second major restructuring of its loss-making overseas operations in less than a year. Euro zone inflation jumps, weighs on rate cut bets BRUSSELS (Reuters) - Euro zone inflation jumped more than expected in August, data showed on Friday, likely reducing chances that the European Central Bank will cut interest rates next Thursday. Thousands stranded by Lufthansa cabin crew strike FRANKFURT (Reuters) - A strike by Lufthansa cabin crew disrupted hundreds of flights on Friday, stranding thousands of passengers who faced further delays over a busy holiday travel weekend from a rolling series of stoppages about pay and cost cuts. Greek austerity package draft targets pensions, wages ATHENS (Reuters) - Greece plans to further slash pensions, social spending and public sector wages to find the bulk of nearly 12 billion euros of savings required to satisfy lenders, according to a draft list of measures obtained by Reuters on Friday. Musk says may form holding company for Tesla, SpaceX (Reuters) - Elon Musk, the founder of electric carmaker Tesla Motors Inc and privately held Space Exploration Technologies, is weighing whether to establish a holding company that would own stock in both companies. Related Video Gold-plated PC fit for a King U.S. Morning Call: Investors, markets await Bernanke speech Economic News Bernanke may hint at QE without boxing Fed in Consumer spending posts biggest rise in five months A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend