Stock futures edge down after disappointing Europe data

The U.S. stock market is poised for a slightly lower opening after disappointing data from Germany and the U.K.

Futures on the S&P 500 Index are down 0.02 percent at 8:53 am EST am and futures on the Dow Jones Industrial Average are down 0.05 percent.

At 2:00 am EST, Germany's trade surplus for January unexpectedly fell because of weak exports. Exports decreased 6.3 percent while economists surveyed by Bloomberg expected an increase of 0.5 percent. The data was disappointing as large part of the German economic recovery depends on exports.

At 4:00 am EST, the U.K. released worse than expected manufacturing data. January U.K. factory production fell 0.9 percent while economists surveyed by Bloomberg expected it to increase by 0.2 percent .

In response to the two economic reports from Europe, futures on the S&P 500 first declined but then rallied each time to erase the losses.

The futures seem to hit resistance at 1141.5, rallying to the level three times without any significant penetration.