The Stock Market Set to Open Slightly High

Asian stocks fall due to China’s plan to curb capacity. China said that they will curb overcapacity and investments in industries such as steel and cement. European shares opened the day flat and are slightly higher in early trading.

The Hang Seng closed down 1 percent (-213) and the Nikkei 225 slid 1.6 percent (-165). The London FTSE 100 is currently up approximately .2 percent, German’s DAX was flat and France’s CAC-40 edged up 0.1 percent.

US S&P Futures are up slightly (+.90), NASDAQ (+.50) and the Dow Jones (+12.00). The US market is expected to open slightly higher but may take a cue from Asian markets and close toward the negative side.

Today’s jobless claims numbers are out in the early morning and can set the tone for the trading day.