U.S. stock futures were on the rise on Thursday morning ahead of a round of fresh economic data that is expected to give insight into the Federal Reserve’s money-tightening plans going forward.
Data set to be released at 8:30 a.m. ET is expected to show a marginal rise in producer prices over the month of March. This comes after a 0.1% contraction in February. On a year-over-year basis, the producer price index is expected to rise 3.0% in March; lower than the 4.6% rise in February.
It is further expected that data will show that 232,000 jobless claims were filed over the week ending April 8, with 228,000 claims filed a week later.
On Thursday morning, Dow e-minis were up 44 points, or 0.13%, S&P 500 e-minis advanced 9.75 points, or 0.24%, and Nasdaq 100 e-minis rose by 48.25 points, or 0.37%.
According to the incoming data, financial companies that are listed on the S&P 500 are expected to post a profit growth of 4.3% in the first quarter.