Stock futures show small gains, euro meeting eyed

January 9, 2012 - 7:55 AM
Wall Street

FILE - In this Jan. 3, 2012 file photo, Peter Tuchman, a trader with Quattro M Securities, works from a handheld computer during the first day of trading at the New York Stock Market. European markets were steady Monday, Jan. 9, 2012, ahead of a meeting between the leaders of France and Germany on how to restore confidence in the euro, while Chinese shares surged after the country's monetary authorities pledged to increase bank lending to entrepreneurs.(AP Photo/Bebeto Matthews, File)

NEW YORK (AP) — Wall Street futures are slightly higher as the market looks to regain its early year momentum after a lackluster response to strong U.S. jobs numbers last Friday.

Dow futures were up 16 at 12,325. The broader Standard & Poor's 500 futures rose 2 to 1,276. The Nasdaq composite rose 7 points to 2,359.

After a perky start to the year, market sentiment has deteriorated again due to concerns about Europe's ability to solve its debt problems.

European markets were steady Monday ahead of a meeting between the leaders of France and Germany on restoring confidence in the euro. French President Nicolas Sarkozy and German Chancellor Angela Merkel are meeting for the first time this year.

Earlier, Chinese shares surged after the country's monetary authorities pledged to increase lending to entrepreneurs.