Futures on the three major U.S. stock indexes rose on Thursday morning, with investors feeling positive after some minor good news in the job markets. Dow Jones Industrial Average futures rose 35 points to 10,015, while S&P 500 futures climbed 3.6 points to 1,062.90 and Nasdaq 100 futures increased 6.5 points to 1,796.
On the jobs front, fewer Americans applied for jobless benefits last week than analysts had forecast. Initial claims fell by 21,000 to 454,000 for the week ending July 3. Economists’ forecasts indicated that claims would only fall to 460,000.
This minor increase was enough to buoy investors’ spirits, along with some soothing words from Jean-Claude Trichet, the European Central Bank President. Trichet claimed that “it would be a complete mistake” to view the rise of interest rates in the market “as a monetary policy signal.”
The ECB left its key interest rate at 1 percent, indicating a continued dedication to the policy of quantitative easing.
In the two years since 2008 crash, equities and futures markets have typically reacted extremely negatively to any sign that central banks will raise interest rates and contract the money supply.
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