European markets are called to open positive this morning.
Asian stocks rose, driving the benchmark index higher for a third week, as increasing U.S. retail sales and employment boosted confidence in the strength of the global economic recovery.
U.S. stocks rose on Thursday as investors cheered the release of two stronger-than-anticipated reports on the jobs market, setting the stage for Friday’ highly anticipated June jobs report.
At the preliminary close, the Dow Jones industrial average gained 93 points, or 0.7%, to 12,719; the S&P 500 added 14 points, or 1.1% to 1,353; and the Nasdaq Composite climbed 39 points, or 1.4%, to 2,873.
Events this week
Friday: The government will release its highly-anticipated monthly jobs report before the opening bell.
Employers are expected to have added 150,000 jobs in June, after adding 54,000 jobs in May. The unemployment rate is expected to slip to 9.0%, from 9.1% in May.
May wholesale inventory figures are due shortly after the opening bell. Late in the afternoon, the Federal Reserve will release its May consumer credit report.