NEW YORK (AP) — U.S. stocks futures are up modestly as FedEx Corp.'s earnings beat expectations and ahead of several economic reports.

Dow Jones industrial futures are up 0.6 percent to 11,835 and S&P 500 futures up 0.7 percent to 1,214. The Nasdaq composite rose 0.7 percent to 2,243.

Global economic worries led to losses in Asian markets, limited gains in Europe and kept the euro near 11-month lows.

Surveys showed Japanese business confidence and Chinese manufacturing had both slipped, while European industrial and services sectors continued to contract, though less than expected.

Later Thursday, U.S. reports on initial jobless claims, industrial production and other economic indicators are due.

Most European markets were up less than 1 percent Thursday.