Posted: Jul 2, 2012 5:31 AM by Associated Press
NEW YORK (AP) - U.S. stock futures are edging up on optimism about recently announced measures in Europe to stave off a debt crisis and hopes that interest rates there will be cut this week. But the gains are being tempered with more evidence of a slowdown in China.
Investors are also awaiting the U.S. jobs report set to be released Friday.
Dow Jones industrial average futures rose 14 points to 12,822 on Monday. Standard & Poor's 500 futures are up 2.1 points to 1,358.50 and Nasdaq futures gained 3.75 points to 2,613.50.
China's manufacturing grew at the slowest pace in seven months in June, according to a survey released over the weekend. That could signal limited power in Beijing to forestall a more rapid decline for the world's second largest economy.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at email@example.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Watch Daybreak Web Videos in full
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties