The upward momentum for the markets is partly due to the release of Chinese manufacturing data showing faster growth in the sector.
A report from the
Revised estimates released by
Meanwhile, a separate report from
The manufacturing index for the euro zone fell to 51.8 in June from 52.2 in May, although a reading above 50 indicates the twelfth consecutive month of growth.
Not long after the open, the
Economists expect the ISM's manufacturing index to edge up to a reading of 55.8 in June after climbing to 55.4 in May.
Most Popular Stories
- Toxic Algae Threatens Florida Fishing, Tourism
- Hispanic Groups Lead Voter Registration Drive
- Fed Signals It Will Keep Key Rate at Record Low
- Eva Mendes Gives Birth to a Baby Girl
- Stocks Rise Before Fed Statement
- Plus-Size iPhones Live Up to The Hype
- FedEx Adding 50,000 Holiday Jobs
- Occupy Wall Street Buys Up Student Debt
- Kohl's Hiring 67,000 for the Holidays
- Cool Features on Today's New iOS 8