LONDON (ShareCast) - US stocks opened cautiously higher ahead of key data on the housing and manufacturing industry.
The Institute for Supply Management is due to report that US manufacturing grew to 50.5 in August, compared with 48.9 in July.
Also
out is the US home sales data, which is forecast to rise in July, and Construction spending, which is seen flat in June.
Across the markets, the Dow Jones (news) is up 33 points to 9,529 with the Nasdaq (NASDAQ: news) 21 points higher at 2030. The S&P 500 is up 7 points.
In company news, automakers will release results for August, expected to show a rise in the month thanks to the government's cash for clunkers program.
Online auction site eBay has agreed to sell a 65% stake in its internet call business Skype to a group of private investors led by Silver Lake in a deal valued at $2.75bn.
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