US futures follow European markets higher

Wednesday - 11/6/2013, 9:37am EST

NEW YORK (AP) -- U.S. futures are following markets in Europe, where stocks are hitting a new five-year high as the central bank is weighing another cut to already record low interest rates.

Dow Jones industrial futures are up 65 points to 15,615. S&P futures have gained 8.4 points to 1,764.90. Nasdaq futures are up 12.5 points to 3,392.25.

Traders took a lackluster retail sales report out of Europe on Wednesday as further evidence that policy makers will be forced to trim interest rates again Thursday to maintain what so far been a shaky economic recovery.

Germany's DAX rose 0.5 percent to 9,050 while the CAC-40 in France gained percent to hit 4,294.

In the U.S., where the earnings season continues, investors are waiting for the release of Friday's delayed jobs report for October.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.