May 9 2013 | 8:52 AM
Ahead of the Bell: Dow futures are trading down19 points and S&P futures are trading down 2 points. Surprising German factory activity and stronger than expected trade data from China, along with better than forecasted UK industrial output and jobs growth in Australia and New Zealand have boosted global investor sentiment. China’s annual consumer inflation however, rose more than anticipated in April. Spain’s manufacturing sector shrank in March which could prompt the ECB to ease its monetary policy further to support the euro zone economy.
- On the economic calendar today, initial jobless claims for the week ended May 4 will be released before the market opens and 335K is expected, vs. 324K the week before. Wholesale trade data for March is due out after the market opens and a 0.4% increase is expected, compared to a 0.3% drop the month prior.
- The dollar is up against the euro and the...