US STOCKS-Wall St set to open lower on new signs of global weakness

lunes 9 de noviembre de 2015 10:09 GYT
 

* China trade surplus at record high

* OECD cuts 2015 global growth forecast

* Priceline drops after weak profit forecast

* Apache soars after report of buyout offer

* Futures down: Dow 28 pts, S&P 4.75 pts, Nasdaq 12.75 pts (Adds details, comment, updates prices)

By Abhiram Nandakumar

Nov 9 (Reuters) - Wall Street was set to open slightly lower on Monday after weak Chinese trade data and an OECD report warning of a global slowdown spurred concerns about weakening demand.

Data showed China's October exports fell 6.9 percent, down for a fourth month, while imports dropped 18.8 percent, leaving the world's second largest economy with a record high trade surplus of $61.64 billion. The U.S. is one of China's biggest trade partners.

The Organisation for Economic Co-operation and Development cut its 2015 global growth forecast again, but said the U.S. Federal Reserve should raise interest rates as the U.S. economic recovery gains steam.   Continuación...