U.S. stock futures rose, signaling the Standard & Poor’s 500 Index will extend this week’s gain, as a Chinese report showed manufacturing in the world’s second- largest economy is expanding at a faster pace. Adobe Systems Inc. climbed 6.1 percent in pre-market New York trading after the software company reported sales and profit that topped analysts’ estimates. Quiksilver Inc. (ZQK) tumbled 16 percent as results trailed projections. S&P 500 (SPX) futures expiring in March added 0.3 percent to 1,415.6 at 7:21 a.m. in New York. The benchmark index has increased 0.1 percent this week as traders awaited progress on federal budget negotiations in Washington. Contracts on the Dow Jones Industrial Average rose 38 points, or 0.3 percent, to 13,132 today. “The export market for China is going to be quite reasonable next year; you’ve only got to look at what’s happening to consumption and consumer sentiment in the U.S.,� Patrick Spencer, head of U.S equity sales at Robert W Baird Ltd. in London, said in a phone interview. “There’s also quite a lot of optimism out there that a budget deal is going to get done. I suspect the market might force an 11th-hour compromise.� The S&P 500 has advanced 0.2 percent this month to give the measure a 13 percent rally for 2012. Its average increase for December is 1.5 percent, the most of any month except July, according to data dating back to 1928 compiled by Bloomberg. Chinese Economy China’s manufacturing is expanding at faster pace in December, suggesting the economy may withstand a slowdown in exports. The preliminary reading for a purchasing managers’ index released today by HSBC Holdings Plc and Markit Economics was 50.9. That compares with the 50.8 median estimate in a Bloomberg survey of 12 economists and a final reading of 50.5 for November. A level above 50 indicates growth. In the U.S., industrial production increased 0.3 percent in November after a 0.4 percent drop the previous month, according to a Bloomberg survey of economists. The Federal Reserve’s data is due for release at 9:15 a.m. in Washington. President Barack Obama and House Speaker John Boehner met for a third time at the White House late yesterday to discuss averting spending cuts and tax increases before a year-end deadline. Republicans and Democrats remain hundreds of billions of dollars apart on taxes and spending, and continue to disagree on whether a deal should include a debt-limit increase and programs to boost the economy. Adobe Advances Adobe rallied 6.1 percent to $37.70 after the largest maker of graphic-design software reported fiscal fourth-quarter earnings excluding some items of 61 cents a share on sales of $1.15 billion. That compared with the average analyst profit estimate of 56 cents a share on revenue of $1.1 billion, according to data compiled by Bloomberg. JMP Securities LLC raised Adobe (ADBE) to market outperform from market underperform, meaning investors should buy the shares. Quiksilver, the maker of clothing for skateboarders and surfers, lost 16 percent to $3.41 in Germany as it reported adjusted earnings of 7 cents a share for the fourth quarter, compared with the median analyst estimate of 10 cents. Revenue of $559 million also trailed behind forecasts. United Technologies Corp. (UTX) slipped 0.5 percent to $79.96 in German trading. The company said 2013 revenue will be $64 billion to $65 billion, falling short of the $66.2 billion analysts projected. To contact the reporter on this story: Sofia Horta e Costa in London at shortaecosta@bloomberg.net To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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