Stock index futures in the U.S. and abroad seemed to ignore some disappointing data about the American housing market and focused on other signs of potential recovery in the global economy. The Japanese government indicated that it might engage in some stimulus to help buoy the stagnant economy, and U.S. manufacturing rose by 1 percent in July, more than the 0.5 percent that analysts and economists had predicted.
For once, traders saw green instead of red; in the past few weeks, it has typically been bad news that dominated trading sessions, with positive days usually occurring on the back of earnings data. Dow Jones Industrial Average index futures rose 57 points to 10,330, while S&P 500 index futures climbed 8.5 points to 1,085.60. Nasdaq 100 futures gained 12 points to 1,832 at 9:15 a.m. EST.
Stocks looked positive around the world, in fact; the Bovespa index futures were up 454 points to 67,260, while FTSE 100 futures gained 58 points to 5,311.
Real estate continued to disappoint, though; housing starts rose less than forecast, according to reports from the U.S. Labor Department and Commerce Department.
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