US futures follow European markets higher

AP News
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Posted: Nov 06, 2013 8:45 AM
US futures follow European markets higher

NEW YORK (AP) — U.S. futures are following markets in Europe, where stocks are hitting a new five-year high as the central bank is weighing another cut to already record low interest rates.

Dow Jones industrial futures are up 65 points to 15,615. S&P futures have gained 8.4 points to 1,764.90. Nasdaq futures are up 12.5 points to 3,392.25.

Traders took a lackluster retail sales report out of Europe on Wednesday as further evidence that policy makers will be forced to trim interest rates again Thursday to maintain what so far been a shaky economic recovery.

Germany's DAX rose 0.5 percent to 9,050 while the CAC-40 in France gained percent to hit 4,294.

In the U.S., where the earnings season continues, investors are waiting for the release of Friday's delayed jobs report for October.