Investing.com - U.S. stock futures pointed to a higher open on Monday, although the release of mixed Chinese data fuelled uncertainty over the outlook for growth in the world's second economy, as investors eyed the release of U.S. data later in the day.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.48% climb, S&P 500 futures signaled a 0.40% increase, while the Nasdaq 100 futures indicated a 0.32% gain.
Official data on Sunday showed that China’s manufacturing purchasing managers’ index to rose to 50.8 in May from 50.6 in April.
Earlier Monday, a separate report showed that China’s HSBC manufacturing PMI slid down to 49.2 in May, the lowest level since October 2012, from 49.6 in April.
Meanwhile, market sentiment found support after data showed that May’s manufacturing PMI in the euro zone improved to 48.3 from 47.8 in April, indicating that the slump in the region's manufacturing sector is easing.
MannKind was expected to be active after the company said it finished a phase-three clinical trial of its Afrezza inhaler for patients with type 1 diabetes, adding that it will report the results within the next few months.
Shares in the company surged 3.15% in pre-market trade.
Among financial stocks, Bank of America added 0.15% in early trading as the U.S. lender's USD8.5 billion settlement with mortgage-bond investors was set to be considered by a New York court two years after the bank struck the deal to resolve claims over home loans bundled into securities.
In the tech sector, Apple shares added 0.10% pre-market amid reports the iPhone maker, accused by the U.S. of being the ringmaster in a conspiracy with publishers to fix prices of electronic books, is going to trial in a case Chief Executive Officer Tim Cook vowed to fight.
On the downside, F5 Networks dropped 0.91% in early trading as Morgan Stanley downgraded the shares to "equal weight" from "overweight".
Other stocks in focus included Cracker Barrel, Patheon, ABM Industries and Cantel Medical, due to report earnings reports later in the day.
Across the Atlantic, European stock markets were lower. The EURO STOXX 50 declined 0.73%, France’s CAC 40 retreated 0.58%, Germany's DAX slid 0.75%, while Britain's FTSE 100 dropped 0.41%.
During the Asian trading session, Hong Kong's Hang Seng Index shed 0.49%, while Japan’s Nikkei 225 Index plunged 3.72%.
Later in the day, the Institute of Supply Management was to release data on manufacturing activity in the U.S.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.48% climb, S&P 500 futures signaled a 0.40% increase, while the Nasdaq 100 futures indicated a 0.32% gain.
Official data on Sunday showed that China’s manufacturing purchasing managers’ index to rose to 50.8 in May from 50.6 in April.
Earlier Monday, a separate report showed that China’s HSBC manufacturing PMI slid down to 49.2 in May, the lowest level since October 2012, from 49.6 in April.
Meanwhile, market sentiment found support after data showed that May’s manufacturing PMI in the euro zone improved to 48.3 from 47.8 in April, indicating that the slump in the region's manufacturing sector is easing.
MannKind was expected to be active after the company said it finished a phase-three clinical trial of its Afrezza inhaler for patients with type 1 diabetes, adding that it will report the results within the next few months.
Shares in the company surged 3.15% in pre-market trade.
Among financial stocks, Bank of America added 0.15% in early trading as the U.S. lender's USD8.5 billion settlement with mortgage-bond investors was set to be considered by a New York court two years after the bank struck the deal to resolve claims over home loans bundled into securities.
In the tech sector, Apple shares added 0.10% pre-market amid reports the iPhone maker, accused by the U.S. of being the ringmaster in a conspiracy with publishers to fix prices of electronic books, is going to trial in a case Chief Executive Officer Tim Cook vowed to fight.
On the downside, F5 Networks dropped 0.91% in early trading as Morgan Stanley downgraded the shares to "equal weight" from "overweight".
Other stocks in focus included Cracker Barrel, Patheon, ABM Industries and Cantel Medical, due to report earnings reports later in the day.
Across the Atlantic, European stock markets were lower. The EURO STOXX 50 declined 0.73%, France’s CAC 40 retreated 0.58%, Germany's DAX slid 0.75%, while Britain's FTSE 100 dropped 0.41%.
During the Asian trading session, Hong Kong's Hang Seng Index shed 0.49%, while Japan’s Nikkei 225 Index plunged 3.72%.
Later in the day, the Institute of Supply Management was to release data on manufacturing activity in the U.S.