Wall Street seen higher ahead of manufacturing data


(MENAFN– ecpulse) - Dow Jones Industrial Average futures rose 0.533% to 14903 points.
- S&P 500 futures were at 1606.50 , higher by 0.450%.
- NASDAQ 100 rose 0.603% to 2918.75 points.

*Dara as of 06:38 a.m. ET.

Investors cheerfully march into a new quarter, seeming happy to forget the rocky month of June, which was the worst month for equities in 2013 in the U.S.

The Institute for Supply Management (ISM) is expected to report at 10 a.m. ET that factory activity expanded in June after a surprise contraction in May.  Also at 10, the U.S. Census Bureau will release its report on May construction spending.

Stocks wrapped up the second quarter with  all three indexes recording gains  of between 2% and 5%, despite ending June down roughly 1%.

European markets  were mixed in morning trading. London`s FTSE 100 index was heading slightly higher, but the other benchmark indexes were dipping.

Asian markets  ended with solid gains between 0.8% to 1.3%. Hong Kong`s stock exchange was closed for a holiday.

In Japan, the quarterly  Tankan index  showed positive sentiment among large manufacturers for the first time in seven quarters. The measure rose to 4 in June from minus 8 in March, the Bank of Japan said.

A positive figure means that optimists outnumber pessimists. Economists had predicted a reading of 3.


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