LONDON (ShareCast) - US stocks are expected to start higher as investors digest employment figures and wait for a raft of other economic data.
There were conflicting reports on the job front. Outplacement firm Challenger, Gray & Christmas
said the number of job cuts announced in June fell 33% to 74,393 from May.
But payroll firm ADP (Paris: FR0010340141 - news) said private-sector jobs decreased by 473,000 in June, which is worse than the 394,000 cuts expected.
Pending home sales from the National Association of Realtors is seen unchanged in May after rising 6.7% in April.
Also out, the Institute for Supply Management's June manufacturing index, expected to have risen to 44.6 from 42.8 in May, while the Commerce Department's May construction spending is expected to fall.
Finally, the weekly crude oil inventories are announced today by the Energy Information Administration.
Across the markets, the Dow Jones (news) is seen up 35 points to 8429 with the Nasdaq (NASDAQ: news) expected to start up 9 points to 1486. The S&P 500 is to start 3 points higher.
Food producer General Mills (NYSE: GIS - news) saw strong cereal sales double quarterly sales from the same period last year to $1.07 per share.
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