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Stock Futures Rise Slightly Amid European Green Shoots

Tickers in this article: $GSPC HPQ ^DJI ^IXIC

New YORK (TheStreet) -- U.S. stock futures were little changed after the Nasdaq closed above 14,000 on Tuesday, with European markets gaining on solid German consumer confidence in the region's largest economy.
 
Futures for the Dow Jones Industrial Average were up 9 points to 16069.0 while S&P 500 futures were rising 0.75 to 1802.75. Nasdaq futures were up 3 points to 3450.3. 
 
A key measure of German consumer confidence hit its highest level since August 2007, fueling gains in emerging markets. British economic growth accelerated by 0.8% in the third quarter due mainly to a rise in household spending. The Japanese yen fell against other major currencies for the fifth consecutive day while the sterling rallied.
 
Stocks expected to see price action Wednesday include Hewlett-Packard , which bested estimates with earnings of $1.01 a share on revenue of $29.1 billion late Tuesday. Its shares were jumping 7.13% to $26.88 in premarket trade.

The earnings calendar is light for Wednesday. 
 
In domestic economic news, weekly jobless claims data is out at 8:30 a.m. EST with expectations for 330,000 claims for the week ended Nov. 23. Oil futures for January were off 0.41 to $93.27. 
 
Durable good orders are also due, with forecasts for a 2% contraction in new orders during October. Durable goods orders are a leading indicator of industrial production and capital spending.
 
Germany's DAX was rising 0.25% while the FTSE was up 0.17%. The Hang Seng closed up 0.53% while the Nikkei was down 0.42%.