Stock futures point higher, as positive tone offsets weak overseas data

|By:, SA News Editor

Stock futures move toward a higher open, as last week's positive tone helps investors shrug off some lackluster economic data out of Europe and China; S&P and Nasdaq +0.3%, Dow +0.2%.

The S&P 500 remains within striking distance of all-time highs while the Nasdaq sits just off its best level in 15 years.

Markets across Asia ended broadly higher despite China's flash manufacturing PMI missing estimates, as a PBOC official suggested China would implement stimulus measures to aid growth; European bourses trade in the red after disappointing eurozone flash manufacturing and services PMI data.

Apple +1% premarket on reports saying it is discussing a partnership with Comcast.

Treasurys trade near their worst levels of the morning, with the benchmark 10-year note is higher by less than two basis points at ~2.76%.

Still ahead: U.S. PMI flash manufacturing.