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US Stock Futures Higher After Upbeat Chinese Data

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US stock futures are higher this morning, after upbeat Chinese data. Futures for the Dow Jones Industrial Average surged 33 points to 13,358.00 and S&P 500 index futures rose 4.10 points to 1,460.20. Nasdaq 100 futures gained 7 points to 2,729.00.

US stocks closed higher on Wednesday, with the Dow Jones Industrial Average surging 0.46% to 13,390.51, the S&P 500 index rising 0.27% to 1,461.02 and the Nasdaq 100 index gaining 0.45% to 3,105.81.

Data on weekly jobless claims will be released at 8:30 a.m. ET, while data on wholesale trade for November will be released at 10:00 a.m. ET. The BOE is scheduled to announce its rate decision at 7 a.m. ET, while the ECB will announce its latest monetary-policy measures at 7:45 a.m. ET.

MSC Industrial Direct Co (NYSE: MSM) is projected to report its Q1 earnings at $1.01 per share on revenue of $582.26 million. SUPERVALU (NYSE: SVU) is expected to report its Q3 earnings at $0.06 per share on revenue of $7.90 billion.

Xyratex (NASDAQ: XRTX) is projected to post a Q4 loss at $0.32 per share on revenue of $255.18 million. SYNNEX (NYSE: SNX) is projected to post its Q4 earnings at $1.04 per share on revenue of $2.76 billion.

Ruby Tuesday (NYSE: RT) reported weaker-than-expected second-quarter results.

PriceSmart (NASDAQ: PSMT) reported upbeat fiscal first-quarter profit.

European markets were mostly higher today. The STOXX Europe 600 Index rose 0.03%, London's FTSE 100 Index gained 0.10%, German DAX 30 Index surged 0.25% and French CAC 40 Index fell 0.04%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.70%, China's Shanghai Composite climbing 0.37% and Australia's S&P/ASX 200 Index gaining 0.32%. Hong Kong's Hang Seng Index rose 0.59% and India's Sensex fell 0.02%.

China's December exports climbed 14.1% y/y, versus a 2.9% rise in November.

Crude-oil futures surged $1.30 to trade at $94.40 a barrel.

The US dollar gained 0.29% against the Japanese yen to trade at ¥88.13.

Posted-In: US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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