8-22-13 6:23 AM EDT | Email Article

By Barbara Kollmeyer, MarketWatch


MADRID (MarketWatch) -- U.S. stock futures moved higher early Thursday, as upbeat Chinese and euro-zone data soothed some of the sting from minutes of the latest Federal Reserve meeting, which indicated the central bank is on track to pare its bond purchases by the end of the year.


Investors will get fresh data via weekly jobless claims numbers and leading indicators later in the day.


Sears Holdings Corp. (SHLD) posted a second-quarter loss of $194 million on Thursday. More retailers will report, with Dollar Tree Inc. (DG) among those expected ahead of the bell. Shares of Hewlett-Packard Co. (HPQ) could be in focus, after the PC maker said it swung to a fiscal third-quarter profit late Wednesday. Read: H-P, GameStop, Sears are stocks to watch Thursday


Futures for the Dow Jones Industrial Average (DJU3) rose 46 points, or 0.3%, to 14,893, while those for the Standard & Poor's 500 index (SPU3) rose 8.5 points, or 0.5%, to 1,645. Futures for the Nasdaq 100 index (NDU3) added 20.50 points, or 0.7%, to 3,083.


On the data front, initial weekly jobless claims will be released at 8:30 a.m. Eastern Time. Economists polled by MarketWatch expect claims to bump back up to 330,000 from 320,000 in the prior week. See: Spotlight on the economy


At 9 a.m. Eastern, two reports are expected to show U.S. manufacturing expanded in August and home prices rose in June -- via the Markit 'flash" PMI manufacturing index and the FHFA home price index. The leading economic index is due at 10 a.m., and economists expect indicators will rise 0.5% in July after no gain in June.


Finally at 1:30 p.m. Eastern, Dallas Fed President Richard Fisher will speak at the U.S. manufacturing summit.


U.S. stocks finished sharply lower Wednesday after the minutes of the July Federal Open Market Committee Meeting confirmed views that the Fed will begin tapering its $85-billion-dollar-a-month bond purchases by the end of the year, even though no time frame was given.


The Dow industrials (DJI) stretched losses to a sixth session on Wednesday, finishing below 15,000 for the first time since July 3. It ended at 14,897.55, down 105.44 points, or 0.7%. The S&P 500 index (SPX) lost 9.55 points, or 0.6%, to 1,642.80.


Benchmark 10-year Treasury yields (10_YEAR) marked fresh two-year highs on Thursday, moving above 2.9% in Asia trading, and most recently trading at 2.913%, according to FactSet Research.


Helping soothe some Fed-related unease, China's manufacturing data saw a surprise rebound in August, according to a preliminary reading of HSBC's Purchasing Managers' index. The PMI rebounded to a four-month high of 50.1, which brings it close to China's official data, which came in at 50.3 in July.


In Germany, the yield on the German bund jumped to a 17-month high after data showed business activity in the euro zone expanded at the fastest pace in over two years in August. Separately, Germany's purchasing managers index rose to a 7-month high in August, data from Markit showed.


Europe stocks rallied on the data, and Asia stocks also came off lows, but emerging markets were again under pressure with Philippine stocks plunging after severe floods and a public holiday kept the index closed. The Indian rupee fell to a fresh record low against the dollar, which was largely holding steady against major rivals.


In commodity markets, gold prices slipped and oil prices were higher.

-Barbara Kollmeyer; 415-439-6400; AskNewswires@dowjones.com


Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

08-22-13 0623ET

Copyright (c) 2013 Dow Jones & Company, Inc.
Copyright 2014 MarketWatch
Add a Comment

News   More...

Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar

Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - - Stock futures rise after Chinese, euro-zone data
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: Stock futures rise after China's cash injections  |  Next: Stock futures rise ahead of home sales, retailers