NEW YORK – U.S. stock futures are edging up on optimism about recently announced measures in Europe to stave off a debt crisis and hopes that interest rates there will be cut this week. But the gains are being tempered with more evidence of a slowdown in China.
Investors are also awaiting the U.S. jobs report set to be released Friday.
Dow Jones industrial average futures rose 14 points to 12,822 on Monday. Standard & Poor's 500 futures are up 2.1 points to 1,358.50 and Nasdaq futures gained 3.75 points to 2,613.50.
China's manufacturing grew at the slowest pace in seven months in June, according to a survey released over the weekend. That could signal limited power in Beijing to forestall a more rapid decline for the world's second largest economy.