The stock market is rising in early trading Monday on hopes for new measures to deal with the eurozone debt crisis. But investors on the stock market are awaiting a critical US jobs report, to be released Friday.
U.S. stock futures are edging up on optimism about recently announced measures in Europe to stave off a debt crisis and hopes that interest rates there will be cut this week. But the gains are being tempered with more evidence of a slowdown in China.
Investors are also awaiting the U.S. jobs report set to be released Friday.
China's manufacturing grew at the slowest pace in seven months in June, according to a survey released over the weekend. That could signal limited power in Beijing to forestall a more rapid decline for the world's second largest economy.