Wall Street Seen Green Before Jobless Claims, Manufacturing Reports 

As of 06:07 a.m. New York Time, Dow Jones Industrial Average futures expiring in June 12 rose 0.16 percent to 12,594, Standard & Poors 500 index futures gained 0.25 percent to 1,325.80, and NADSAQ 100 Futures rose less than 0.1 percent to 2,559.50.

A convincing downturn in the U.S. jobless claims would likely seal early expectations for a strong May employment report. Analysts expect a median estimate around 365 thousand last week, slightly down from 367 thousand in the week ended May 5.

The general business conditions index of the Philadelphia Feds business outlook survey probably advanced to 10.0 in May, compared with 8.5 in the month ago. Separately, an index of leading indicators probably rose for a seventh month in April.

The Federal Reserve yesterday signaled monetary easing remains on the table to prevent the economy from being dragged back by Europes debt woes. U.S. Stocks closed lower Wednesday following reports the ECB will temporarily stop lending to some Greek Banks.