* ADM jumps on higher-than-expected profit
* 200,000 rally in Cairo in anti-govt protest
* Futures up: Dow 25 pts, S&P 4.8 pts, Nasdaq 12.25 pts
* For up-to-the-minute market news see []
(Adds quote, details on Archer Daniels, updates prices)
By Chuck Mikolajczak
NEW YORK, Feb 1 (Reuters) - U.S. stock index futures rose
on Tuesday as investors turned their attention from
geopolitical tremors in the Middle East to data they hope will
provide insight into the state of the U.S. economic recovery.
The Institute for Supply Management's January manufacturing
index is due at 10 a.m. EST []. Economists in a Reuters
survey expected a reading of 58.0 versus 58.5 in December.
At the same time, the Commerce Department will report on
December construction spending. Economists look for
construction spending to be unchanged, compared with a 0.4
percent rise the prior month.
Investors appeared to shrug off the tumultuous events in
Egypt, as more than 200,000 Egyptians poured into central Cairo
in the biggest demonstration so far in an uprising against
President Hosni Mubarak's authoritarian rule. For details, see
[] and []
"The market is resuming its on-track performance to its key
1,300 level," said Andre Bakhos, director of market analytics
at Lek Securities in New York.
"The situation in Egypt seems to be contained, giving
investors renewed optimism that a resolution will be found. For
the most part, economically speaking, data has been conducive
to further market gains."
S&P 500 futures <SPc1> rose 4.8 points and were above fair
value, a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures <DJc1> gained 25
points, and Nasdaq 100 futures <NDc1> were up 12.25 points.
Pfizer Inc <PFE.N> was set to post quarterly earnings
Tuesday, and the company's new boss, Ian Read, will likely be
asked to defend the company's 2012 forecast. []
Archer Daniels Midland <ADM.N> jumped 4.1 percent to $34 in
premarket trading after the agribusiness group reported
stronger-than-expected quarterly earnings on rising grain
prices and robust global demand. []
Other companies set to report include United Parcel Service
Inc <UPS.N> and Electronic Arts Inc <ERTS.O>.
U.S. automakers were set to report January sales, which
were expected to increase from a year ago but slip from
December. The data was expected to reflect a gradual recovery
for the auto industry after the recession and the worst sales
performance in nearly three decades. []
European shares rose as confidence about the global economy
gathered pace following upbeat euro zone manufacturing data
while strong earnings from ARM <ARM.L> and Infineon <IFXGn.DE>
lifted technology firms. []
Asian stocks advanced 0.8 percent, led by resource shares
as strong U.S. factory data and surging commodity prices offset
fears about the unrest in Egypt. []
(Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)
