US STOCKS-Wall Street to rise on earnings, tame inflation data

martes 22 de julio de 2014 09:23 GYT

* EU threatens Russia with more sanctions, but words ring hollow

* Market active with busy earnings, economic calendar

* Futures up: Dow 50 pts, S&P 8 pts, Nasdaq 18 pts (Updates prices, adds earnings details, data)

By Rodrigo Campos

NEW YORK, July 22 (Reuters) - U.S. stock index futures rose on Tuesday as a cascade of earnings landed and inflation data was tame, while hopes rose for an easing of tensions in Ukraine.

* U.S. consumer prices rose in June as the cost of gasoline surged, but the overall trend continued to point to a gradual build up of inflationary pressures - allowing the Federal Reserve to continue to slowly take the foot off the stimulus pedal.

* Pro-Russian rebels agreed to hand over the black boxes from the Malaysian plane shot down near the Ukraine-Russia border last week and the Malaysian government announced it also negotiated the release of the remains of nearly 300 victims.

* The European Union threatened Russia with harsher sanctions over Ukraine, but France's president signaled the disputed delivery of a warship to Moscow would go ahead.

* Traders will also keep an eye on the Middle East as Israel pounded targets across the Gaza Strip and said no ceasefire was near. Top U.S. and U.N. diplomats pursued talks to stop fighting that has claimed nearly 600 lives, an overwhelming majority from inside Gaza.   Continuación...