Stock futures edge higher on earnings hopes

NEW YORK (AP) ? U.S. stock futures are rising the morning after aluminum producer Alcoa issued an outlook that suggested improving prospects for the global economy.

Dow Jones industrial futures rose 1 percent to 12,456. The broader S&P 500 futures gained 1.1 percent to 1,290. The Nasdaq composite rose almost 1 percent to 2,368.

Late Monday, Alcoa CEO Klaus Kleinfeld predicted that global aluminum demand will increase 7 percent in 2012.

Alcoa’s earnings gave investors hope for a strong earnings season in the U.S. They also are looking to a new round of talks in Berlin for progress in solving Europe’s debt crisis. European markets are sharply higher.

On the negative side, luxury jeweler Tiffany & Co. reported weak holiday sales growth U.S. and Europe and shares dropped 7 percent in premarket trading.