U.S. stock futures were seeing small declines in speculative pre-open trading on Thursday as European stocks largely recovered from a weak open and the dollar held to its recent range. Stock futures drift ahead of U.S. GDP data Updates, advisories and surprises European markets weaker as company revenues disappoint Dealers said few underlying stocks were trading. The markets are expected to take direction from the first assessment on U.S. GDP growth in the third quarter. Economists are expecting the American economy grew at a 6 percent annual rate in the quarter, or up 3.3 percent on the second quarter. "The market has already priced in much of the expected rise in the GDP but a bullish number could most certainly be the catalyst for higher prices," said Tom Hougaard, a futures trader at City Index, a London financial spreads bettor. Weekly jobless claims data are also expected at 8:30 a.m. Eastern. The market is anticipating claims below 390,000.
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