Futures Rise on Promising Data from Asia
U.S. stock futures are rising on some promising economic data out of Asia.
Dow Jones industrial futures are up 36 points to 14,945. S&P futures have added 4.5 points to 1,658. Nasdaq futures are up 15.5 points to 3,145.
The U.S. trade deficit expanded in July, due in part to slowing growth in China and Japan’s ongoing economic struggles.
On Monday, China reported that inflation eased in August, hinting at an economy on the mend. The deficit with China jumped to an all-time high of $30.1 billion in July, according to U.S. figures released last week.
Japan’s economy expanded more rapidly than originally thought between April and June. The country’s Cabinet Office said Monday that the economy expanded faster than estimated during the first quarter as well.