US Stock Futures Slightly Up As Investors Await Economic Reports

US stock futures moved up slightly, as investors are awaiting many US economic reports, comprising weekly jobless claims. Futures on the Dow Jones Industrial Average gained 3 points to 11,316.00, while S&P 500 futures rose 0.10 point to 1,211.00. Nasdaq 100 futures moved up 1.50 points to 2,177.75. US stocks closed lower yesterday, with the blue-chip Dow index losing 0.53%. The data on weekly jobless claims, October import prices and the trade balance for September are scheduled for release at 8:30 a.m. ET. Macy's Inc M and Polo Ralph Lauren Group RL are all set to report their quarterly results before the opening bell. China's trade surplus increased to $27.15 billion in October, up from $16.9 billion in September. Brian Jackson from RBC Capital Markets said, “At $27 billion in October, China's trade surplus is again at historically high levels, while data to be released later today will likely show that the U.S. trade deficit was around $45 billion.” Jackson added, “This stark contrast will likely add to the international pressure for China to move faster on the currency to provide more support to the global economy.” European stock markets moved down, with the Stoxx Europe 600 index falling about 0.18%. The British pound rose about 0.4%. The dollar index (DXY) gained about 0.46%. Read more from Benzinga's Markets.