US STOCKS-Wall St to open lower after Japan, China data

lunes 8 de diciembre de 2014 10:10 GYT

* Merck to buy Cubist Pharma for $102 per share

* Japan, China data disappoints

* McDonald's falls after November sales

* Futures down: Dow 58 pts, S&P 7 pts, Nasdaq 15.25 pts (Adds quote, updates prices)

By Chuck Mikolajczak

NEW YORK, Dec 8 (Reuters) - U.S. stocks were poised for a lower open on Monday, putting the S&P 500 on track to pull back from its latest record high, as soft data in China and Japan kindled global growth concerns.

Economic data showed China's exports rose at a slower than expected pace and imports dropped 6.7 percent in November, while Japan's economy shrank more than expected in the third quarter.

The data put a damper on recent enthusiasm over the U.S. economy, after a strong payrolls report on Friday sent the S&P 500 to its 49th record close of the year. The benchmark S&P index has risen for seven weeks, its longest stretch in nearly a year, and is up more than 11 percent from an October low.

"Considering the economic news that came from abroad the markets are really not under severe pressure," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.   Continuación...