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China's factory activity expanded at its fastest
in 18 months in July and the euro zone's private sector also
perked up, suggesting the global economy began the second half
of 2014 on a solid footing.
A reading on the U.S. manufacturing sector is due at 9:45 a.m.
EDT, following data on applications for unemployment insurance
due at 8:30 a.m. New home sales numbers are expected at 10:00
a.m.
Facebook <FB.O> shares jumped 8.7 percent in premarket trading
following a better-than-forecast 61 percent increase in revenue
during the second quarter.
S&P 500 e-mini futures <ESc1> were up 4 points and fair value -
a formula that evaluates pricing by taking into account interest
rates, dividends and time to expiration on the contract -
indicated a higher open. Dow Jones industrial average e-mini
futures <1YMc1> rose 26 points and Nasdaq 100 e-mini futures
<NQc1> added 13 points.
Ford <F.N> shares edged 0.6 percent higher after profit beat
expectations while GM <GM.N> dropped 2.1 percent premarket on a
lower second-quarter profit on Thursday due to numerous recalls
and the expected cost of at least $400 million for its victims'
compensation fund.
Drugmakers Bristol-Myers Squibb <BMY.N> and Eli Lilly <LLY.N>
both beat Wall Street expectations, helped by cost controls.
(Reporting by Rodrigo Campos; Editing by Bernadette Baum)
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