The major highlight on Thursday is the weekly Jobless Claims report for May. All are keen to know about the labor market strength. The consensus is for an increase from last week.

Asian shares finished broadly higher, while European shares are trading all positive.

Current trend on U.S. Futures suggest that Wall Street might open broadly higher.

As of 7.30 am ET, the Dow futures were gaining 59.00 points, the S&P 500 futures were adding 2.00 points and the Nasdaq 100 futures were down 3.75 points.

U.S. stock closed higher on Wednesday. The Dow soared 346.41 points or 1.4 percent to 25,146.39, the Nasdaq climbed 51.38 points or 0.7 percent to 7,689.24 and the S&P 500 advanced 23.55 points or 0.9 percent to 2,772.35.
On the economic front, Jobless Claims for the week will be published at 8.30 am. The consensus is for 225K, up from 221K in the prior week.

The Census Bureau quarterly services survey for the first quarter will be issued at 10.00 am ET. In the prior quarter, the information revenue were down 4.0 percent.

The Energy Information Administration or EIA's Natural Gas Report for the week will be revealed at 10.30 am ET. In the prior week the change was 96 bcf.
Three-year and 10-year Treasury Note auction will be held at 11.00 am ET.

Fed's Consumer Credit for April will be issued at 3.00 pm ET. The consensus is for $14.0 billion, up from $11.6 billion in the prior month.

The Federal Balance Sheet for the week will be issued at 4.30 pm ET. The previous week's level was $4.328 trillion.

The Federal Money Supply for the week will be released at 4.30 pm ET. The M2 Weekly Change was $14.8 billion.

In the corporate segment, J.M. Smucker Co. announced fourth quarter net income of $185.9 million or 1.64 per share, compared to $110.4 million or $0.96 per share last year. On an adjusted basis, earnings were $1.93 per share. Net sales for the quarter edged dow to $1.781 billion from $1.783 billion a year ago.

Asian stocks ended mostly higher on Thursday. Chinese shares closed slightly lower, with the benchmark Shanghai Composite index closing down5.68 points or 0.18 percent at 3,109.50. Hong Kong's Hang Seng index rose by 246.33 points or 0.79 percent to finish at 31,505.43.

Japan's Nikkei index climbed 197.53 points or 0.87 percent to 22,823.26 on receding worries about a full-blown global trade war.The broader Topix index closed 0.64 percent higher at 1,789.01.

Australian shares closed higher for a second consecutive session. The benchmark S&P/ASX200 index rose 32.20 points or 0.53 percent to 6,057.30 while the broader All Ordinaries index ended up 32 points or 0.52 percent at 6,169.40.

European shares are trading mostly higher. Among the major indexes in the region, the CAC 40 Index of France is climbing 12.82 points or 0.23 percent. The German DAX is adding 23.67 points or 0.17 percent, the U.K. FTSE 100 Index is progressing 16.54 points or 0.21 percent. The Swiss Market Index is up 27.95 points or 0.33 percent.

The Euro Stoxx 50 Index, which is a compilation of 50 blue chip stocks across the euro area, is up 0.27 percent.

by P2PNews Staff Writer

editorial@p2pnews.com

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