June 30 (Bloomberg) -- U.S. stock-index futures gained before today's Federal Reserve decision on interest rates. Intel Corp. and Coca-Cola Co. climbed in European trading.

Benchmarks fell yesterday amid anticipation the Fed will raise its benchmark rate for the ninth time in a year and signal further increases are coming.

Standard & Poor's 500 Index futures expiring in September rose 1.5 to 1204.4 at 8:53 a.m. in London. Dow Jones Industrial Average futures added 14 to 10,397, and Nasdaq-100 Index futures gained 3.5 to 1515.

All but one of 88 economists in a Bloomberg News survey expect the Fed to boost its target rate by a quarter-point to 3.25 percent. The central bank, which raised its benchmark by quarter- point increments at every one of its policy meetings since last June, last month reiterated its plan to make future increases at a ``measured'' pace.

``We're going to have a solid economic expansion going into the second half of 2005,'' said Gary Wolfer, who helps manage $1 billion for Univest Trust Services in Souderton, Pennsylvania. ``The increase that we're going to see of 25 basis points is already factored into stocks. I think the Fed has about 75 more to go.''

Intel, the biggest maker of computer chips, advanced 9 cents to $26.34 in Germany. Coca-Cola, the largest soft-drink company, added 2 cents to $42.72.

ConAgra Foods Inc., the third-largest U.S. food maker, is among S&P 500 companies expected to report earnings today.

Economic Reports

The Commerce Department is expected to say U.S. personal spending probably rose in May at the slowest pace in four months, as consumers bought fewer automobiles and cool weather restrained purchases of summer clothing, according to a survey of economists.

Personal spending probably gained 0.1 percent, the smallest increase since January, according to the median of 69 estimates in a survey by Bloomberg News. Spending rose 0.6 percent in April. Incomes probably increased 0.3 percent after a 0.7 percent gain.

Separately, the number of U.S. workers filing initial claims for jobless benefits probably rose by 11,000 to 325,000 last week, remaining at a level that suggests employers are continuing to hire, economists said before a government report due to be released at 10 a.m. today in Washington.

To contact the reporter on this story: Chris Fournier in Frankfurt at Cfournier3@bloomberg.net

Last Updated: June 30, 2005 03:56 EDT