US STOCKS-Wall St futures rise as euro recovers

lunes 16 de marzo de 2015 09:02 GYT
 

* Empire State manufacturing data miss estimates

* Euro hits fresh 12-year low, oil falls

* Futures up: Dow 96 pts, S&P 12.25 pts, Nasdaq 22.25 pts (Adds market moves, commentary)

By Sinead Carew

March 16 (Reuters) - U.S. stock index futures were up on Monday, putting the benchmark S&P 500 on track for a rebound after three weeks of losses, as currency markets helped reassure U.S. investors concerned about how a strong dollar would hurt earnings.

The S&P 500 has fallen 2.7 percent in the last three weeks, including a 0.9 percent drop last week. The Dow lost 0.6 percent last week while the Nasdaq declined 1.1 percent.

Investors have been cautious ahead of a U.S. Federal Reserve statement due on Wednesday, when they expect the central bank to give a clearer signal on the timing of its first interest rate hike in almost a decade.

A recovery in the euro was reassuring investors as a rapidly rising U.S. dollar would put even more pressure on U.S. corporate earnings, said Nick Colas, chief market strategist at brokerage Convergex, in New York.

"It seems like the currency markets are helping U.S. equities this morning," Colas said. "What markets are looking for is lower volatility."   Continuación...