US STOCKS-Wall St set to start December on positive note

martes 1 de diciembre de 2015 09:49 GYT
 

* November factory activity, auto sales expected

* Chicago Fed's Evans to speak later in the day

* Mattress Firm up after agreeing to buy Sleepy's owner

* Futures up: Dow 71 pts, S&P 9 pts, Nasdaq 18 pts (Adds details, comment, updates prices)

By Tanya Agrawal

Dec 1 (Reuters) - Wall Street looked set to kick off the last month of the year on a positive note, tracking Asian gains on tentative signs that a slowdown in China was stabilizing.

Private data showed Chinese factory activity contracted at a slower pace than in October, fuelling hopes the economy may have been bolstered by government support.

A barrage of data is expected later in the day, including U.S. factory activity data for November at 10 a.m. ET (1400 GMT), which is expected to tick up. The Department of Commerce is likely to report a slight dip in construction spending for October and automakers will report sales figures for November.

U.S. auto sales are expected to rise above 18 million vehicles on an annualized basis for November, continuing the pace for record sales in 2015.   Continuación...