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U.S. stock futures rise as China data boost Asia stocks

7:15 AM, Jan 10, 2013   |    comments
Traders work on the floor of the New York Stock Exchange on Thursday.(Photo: Spencer Platt, Getty)
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LONDON -- Stock futures on Wall Street were taking an upbeat tone on Thursday, following a higher close in the prior trading session.

Dow Jones Industrial Average futures were up 0.2% at 13,350, Standard & Poor 500 futures advanced 0.2%, to 1,459, and Nasdaq-100 futures were also up 0.2%, at 2,728. In regular trading on Wednesday, the Dow, S&P and Nasdaq all saw out the market day with gains.

Some positive trade data out of China on Thursday boosted market sentiment for the major regional benchmarks in Asia. Japan's Nikkei 225 index, South Korea's Kospi index and the Hang Sang index in Hong Kong climbed around 1% as China reported that its export growth more than quadrupled from the previous month to 14% in December.

And in Europe, where stocks were also extending gains, the European Central Bank was due to make its latest monetary policy statement. The central bank is expected to leave interest rates on hold at 0.75% for the 17 nations that comprise the euro zone. The Stoxx Europe 600 index was trading in a narrow range ahead of the announcement.

The price of crude oil was on the rise -- sitting around $93.70 per barrel -- in electronic trading; the dollar moved up against currency rivals the euro and the yen.

Investors in the U.S. will be taking note of the release of weekly jobless claims due later Thursday.

USA Today

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