Before the bell: S&P futuresc +6.0, Nasdaq futures +13.0
U.S. stock futures rose on speculation China may support indebted European countries.
Stock futures pared gains as data showed retail sales unexpectedly stalled last month.
China is willing to buy the bonds of nations hit by the debt crisis, Caijing reported on its website today, citing Zhang Xiaoqiang, a vice chairman of the National Development and Reform Commission.
US data continues at 1400GMT, when business inventories are expected to rise 0.6% in July, as factory inventories were already reported up 0.5%, while wholesale inventories rose 0.8% in the month.
The weekly EIA Crude Oil Stocks data follows at 1430GMT, while at 1500GMT, the IMF releases analytical chapters of the World Economic Outlook, in Washington. This does not include forecasts.
Yahoo! Inc. jumped 1.7 percent to $14.50. A person with knowledge of the matter said the company’s board is scheduled to meet today to weigh its options after Carol Bartz was ousted last week.