US STOCKS-Futures edge up on hope for Chinese stimulus

lunes 24 de marzo de 2014 07:36 GYT

* Weak China data raises expectations for stimulus

* Ukraine conflict continues, Russia seizes marine base

* Herbalife rallies, Icahn to get more reps on board

* Futures up: Dow 25 pts, S&P 3.9 pts, Nasdaq 9 pts

By Ryan Vlastelica

NEW YORK, March 24 (Reuters) - U.S. stock index futures edged higher on Monday as a weak reading on Chinese manufacturing raised hopes that the Chinese government would issue new stimulus to combat slowing momentum, though ongoing tensions in Ukraine weighed on sentiment.

* Recent momentum on Wall Street has been to the upside, with the S&P 500 hitting an intraday record on Friday, though it subsequently ended the day lower. Equities have been lifted by some positive domestic data, and a belief that the biggest East-West conflict since the Cold War won't escalate.

* Concerns about the region continued on Monday as Russian troops seized a Ukrainian marine base in Crimea, the latest in a confrontation that has prompted the United States and European Union to respond with personal sanctions against some of Russian President Vladimir Putin's political and business allies.

* While few U.S. companies have excessive exposure to the region, investors are concerned about the potential economic fallout of any further escalation in tensions.   Continuación...