US STOCKS-Futures edge higher after dollar rally subsides

miércoles 27 de mayo de 2015 07:41 GYT
 

* Futures up: Dow 19 pts, S&P 2.5 pts, Nasdaq 4.75 pts

By Tanya Agrawal

May 27 (Reuters) - U.S. stock index futures were higher on Wednesday as the dollar retreated from its largest gain in two years and as worries about Greece receded.

* In early European trading, the dollar was down around a third of one percent against a basket of currencies, after jumping 1.3 percent on Tuesday, its biggest rise since July 2013.

* Greece and its European creditors have also played down fears that Athens would default on a payment to the International Monetary Fund next week.

* U.S. stocks recorded their steepest fall in three weeks on Tuesday as the dollar rallied after buoyant data fueled expectations that an interest rate hike could come sooner rather than later.

* Applications for U.S. home mortgages fell last week as interest rates rose, an industry group said on Wednesday.

* Tiffany's shares were up 6.6 percent to $91.19 in premarket trading after the luxury jeweler's quarterly profit beat estimates.

* Michael Kors Holdings fell 11 percent to $53.92 after the handbag maker reported its slowest sales growth in at least three and a half years as demand in North America weakened.   Continuación...