Wall Street stock futures point to flat open

Monday, November 27, 2006
By Benjamin Train

Before Market Opens base metals are flat to declining, gold is at $637.90 down from $642, and silver futures are at $13.39 down from the London/Hong Kong high at $13.52. Jan. Crude oil futures are level at $59.55, Unleaded is holding at $1.592, and Jan Natural Gas $8.302.

Mon Nov 27, 2006 5:18am ET

LONDON (Reuters) - Shares on Wall Street looked set to open flat on Monday following last weeks dollar weakness that raised questions about the continued attractiveness of U.S. equities to foreign buyers.

By 1000 GMT, U.S. stock futures were barely changed, suggesting a mediocre start.

The Dow Jones industrial average <.DJI> closed 0.38 percent lower on Friday, while the broad S&P Index <.SPX> dropped 0.37 percent. It came as the dollar fell sharply against major currencies.

Angus Campbell, market strategist at Finspreads in London, suggested in a note that investors may reckon the stock price drop "simply presents a buying opportunity".

But Wall Street investors face a challenging week with a raft of economic data ahead, starting with October durable goods orders and existing home sales for October plus November consumer confidence on Tuesday.

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