U.S. Index Futures Signal Gains as Oil Rises Before PMI Report

Oil Caps Longest Rally This Year

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.
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