U.S. Futures Pointing Higher on Expectations that Global Growth in Intact

“U.S. stock-index futures climbed, with the Standard & Poor’s 500 Index poised to recover some of last week’s losses, amid optimism that the global economic recovery is intact.

U.S. Steel Corp. advanced 1.4 percent in German trading as Barron’s reported that the nation’s biggest producer by volume may gain as much as 65 percent over the next year. Exxon Mobil Corp. (XOM) and Freeport-McMoRan Copper & Gold Inc. (FCX) increased as commodities rebounded. Hertz Global Holdings Inc. (HTZ) may move after the company offered to buy all the outstanding shares of Dollar Thrifty Automotive Group Inc. (DTG)

Futures on the S&P 500 expiring in June gained 0.4 percent to 1,339.8 at 6:43 a.m. in New York. Dow Jones Industrial Average futures also advanced 0.4 percent to 12,614, while Nasdaq-100 Index futures rose 0.6 percent to 2,388.”

Full article