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Dow Poised for Opening Gains

Roland Head
January 10, 2013

LONDON -- Stock index futures at 7 a.m. EST indicate that that the Dow Jones Industrial Average (INDEX: ^DJI) may open up by 0.2% this morning, while the S&P 500 (INDEX: ^GSPC) may open 0.3% higher.

Markets may make a strong start this morning after overnight figures from China showed that exports rose by more than expected from the world's second-largest economy. Chinese exports rose by 14% in December compared with December 2011, outperforming analysts' expectations of a 5% gain.

Today's economic calendar includes the latest weekly initial jobless-claim figures, which are due at 8:30 a.m. EST and are expected to show a modest improvement from the previous week, dropping to 365,000 from 372,000, according to consensus estimates. Also due today are November's job-opening figures and wholesale inventories at 10 a.m. EST.

No S&P 500 companies are scheduled to report earnings