US Stock Futures Up Sharply On Positive Economic Reports From Europe

US stock futures climbed sharply today as investors seem to have become more than convinced of no adverse affect of the European debt crisis on global growth. A positive report about the economy from the Eurozone also seems to have done its bit in improving investor sentiment. While futures for the S&P 500 advanced 9.3 points to 1,094.30, those for the Nasdaq 100 futures climbed 16.5 points to 1,859. Meanwhile, Dow Jones Industrial Average futures surged 75 points. Overseas, Asian markets closed higher, with the Hang Seng Index moving up 1.2% and Nikkei 225 Average adding 1.8%. Meanwhile, the Stoxx Europe 600 benchmark had moved 1.1% by early afternoon. Australia, China and the Philippines did not contribute to today’s global market movement as markets were closed there. Read more from Benzinga's Markets. Strong Buy Stocks That Have Tripled the Market. See them for free.