Stock futures rose early Thursday after some positive momentum in Europe, another decrease in weekly jobless claims, and a strong earnings report from FedEx (FDX). European stocks rose on Thursday, with the FTSE 100 up 1.2%, and the Euro gained slightly. Swiss authorities said they would keep a minimum exchange rate of 1.2 franc per Euro despite pressure to raise the ratio.
In the U.S., weekly jobless claims fell by 19,000 to 366,000, the lowest level since May 2008. The current account deficit slid to 2.9% of GDP in the third quarter from 3.3% in the second quarter. The December Empire state index of manufacturing in New York state hit its highest level since May. And producer prices rose 0.3% in November, ahead of expectations, although the core rate rose 0.1%, below expectations for 0.2%
Dow futures rose 112 points to 11,873; S&P 500 futures rose 13 points to 1,219.
FedEx rose 4.2% after beating earnings expectations.
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