U.S. Index Futures Signal Gains as Oil Rises Before PMI ReportBy
U.S. stock-index futures climbed before a manufacturing indicator is released for June, and as higher commodity prices led a rally in European shares.
S&P 500 contracts expiring in September rose 0.3 percent as of 6:25 a.m. in New York, after the underlying index fell 0.6 percent in its first weekly decline since June 9. Contracts on the Dow Jones Industrial Average also advanced 0.3 percent.
- Monday’s trading will be cut short as the New York Stock Exchange closes early, at 1 p.m. Eastern time, before the Independence Day holiday on July 4.
- Brent crude futures rose 1.7 percent to $48.74 a barrel, heading for their eighth successive day of gains.
- Markit will report a purchasing managers’ index for manufacturing in June of 52.1, unchanged from the level of May, according to a survey of economists by Bloomberg.