US Stock Futures Up Ahead Of Consumer Spending Data; All Eyes On Greek Crisis

US stock futures are higher this morning, as investors are awaiting data on consumer spending. Futures on the Dow Jones Industrial Average surged 34 points to 11,915.00 and futures on the S&P 500 stock index rose 4.90 points to 1,267.90. Nasdaq 100 futures jumped 9.25 points to 2,217.00. US stocks closed lower on Friday, with the Dow Jones industrial average dipping 0.96% to 11,934.58, the broader Standard & Poor's 500 index dropping 1.17% to 1,268.45 and the NASDAQ composite index declining 1.26% to 2,652.89. Data on personal income and spending for May will be released at 8:30 a.m. ET. Nike Inc NKE is projected to report its FQ4 EPS at $1.16 on revenue of $5.54 billion. DeVry Inc DV has lowered 135 positions at its Phoenix office. Stanley Black & Decker Inc SWK has offered to buy all of the outstanding common stock and warrants of Niscayah AB NSYHF for $1.2 billion, including debt. Most Asian markets ended lower, with Japan's Nikkei Stock Average dipping 1.0373%, Australia's S&P/ASX 200 moving down 1.12% and China's Shanghai Composite surging 0.44%. Hong Kong's Hang Seng Index fell 0.5874% and India's Sensex jumped 1.03%. European markets were higher today. The STOXX Europe 600 Index has gained 0.37%, London's FTSE 100 Index moved up 0.31%, German DAX 30 index rose 0.32% and France CAC 40 index surged 0.47%. The Greek parliament is likely to vote on the crucial set of austerity measures, which were set by the EU and the IMF as a precondition for the next tranche of their loan to the Greek government. The euro gained 0.2% versus the dollar to trade at $1.4204. The dollar index (DXY) gained 0.05% to 75.62.
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