U.S. stock futures are trending higher this morning despite global economic data showing a slowdown. Small and medium-sized business PMIs from the Eurozone, the U.K., and the U.S. all missed market expectations, though they remain in expansion territory. Meanwhile, the U.S. Dollar continues to show strength against major currencies as investors digest shifting global yields, including a significant 10-year JGB auction in Japan that reached a 28-year high coupon rate. As we look toward the next trading sessions, the focus shifts to critical labor market data and corporate earnings. Market participants are closely watching the upcoming ADP Private Payrolls and JOLTS job openings for a clearer picture of the U.S. employment landscape. Additionally, earnings reports from aviation and AI infrastructure companies, alongside a scheduled speech from Fed Governor Michelle Bowman, are expected to drive market sentiment.