US STOCKS-Futures bounce back with eyes on China, Morgan Stanley

lunes 20 de abril de 2015 07:48 GYT

* Hasbro reports surprise revenue rise, shares jump

* Futures up: Dow 77 pts, S&P 8 pts, Nasdaq 11 pts

By Rodrigo Campos

NEW YORK, April 20 (Reuters) - U.S. stock index futures rose on Monday, following a sharp decline in the previous session, as Chinese steps to stimulate its slowing economy and earnings including those from Morgan Stanley lured money back into equities.

* In the second industry-wide cut in two months, China's central bank on Sunday cut the amount of cash that banks must hold as reserves in a move to help spur bank lending and combat slowing growth.

* Morgan Stanley shares rose 2.6 percent in premarket trading after the Wall Street investment bank reported a 60 percent rise in quarterly profit and raised its dividend by 50 percent to 15 cents per share.

* Hasbro jumped 8.5 percent after the toymaker reported a surprise increase in quarterly revenue, helped by strong growth in toys based on characters in Transformers movies and Marvel Comics.

* IBM is due to report results after the closing bell.

* Despite lackluster U.S. economic data, a world grappling with slow growth and concern that Greece and Ukraine could default on their debt, the U.S. stock market has been more than resilient. Even after Friday's selloff, major indices are less than two percent from all-time highs and volatility measurements have been close to their lowest levels for 2015.   Continuación...