US Stock Futures Up; Alcoa Earnings In Focus

US stock futures are higher this morning, as investors are awaiting earnings from Alcoa

. Futures for the Dow Jones Industrial Average jumped 75 points to 15,151.00 and S&P 500 index futures rose 9.50 points to 1,636.80. Nasdaq 100 futures gained 19.25 points to 2,975.75. US stocks closed higher on Friday, with the Dow Jones Industrial Average surging 0.98% to 15,135.84, the S&P 500 index rising 1.02% to 1,631.89 and the Nasdaq 100 index gaining 1.04% to 3,479.38. The TD Ameritrade IMX for June will be released at 12:30 p.m. ET, while consumer credit data for May will be released at 3:00 p.m. ET. Kid Brands

announced the resignation of its Chief Financial Officer James Christl. The company appointed Chief Operating Officer Kerry Carr as CFO. Kid Brands also announced the sale of its Russ and Applause trademarks and trade names. Alcoa is expected to report its Q2 earnings at $0.06 per share on revenue of $5.83 billion. WD-40 Company

is projected to report its Q3 earnings at $0.56 per share on revenue of $89.45 million. European markets were higher today. The STOXX Europe 600 Index rose 1.35%, London's FTSE 100 index gained 0.50%, French CAC 40 Index climbed 1.76% and German DAX 30 index rose 2.24%. Asian markets ended lower, with Japan's Nikkei Stock Average dropping 1.40%, China's Shanghai Composite falling 2.44% and Australia's ASX/S&P500 dropping 0.60%. Hong Kong's Heng Seng Index declined 1.31% and India's Sensex tumbled 0.97%. Japan's current-account surplus shrank in May, according to the Finance Ministry.