The stock market is rising in early trading Monday on hopes for new measures to deal with the eurozone debt crisis. But investors on the stock market are awaiting a critical US jobs report, to be released Friday.
EnlargeU.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.
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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.
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