US STOCKS-Futures bounce back ahead of jobs report
* Futures up: Dow 102 pts, S&P 12 pts, Nasdaq 32 pts
By Tanya Agrawal
Jan 8 (Reuters) - U.S. stock index futures were higher on Friday as Chinese stocks recovered, oil prices clawed back after touching 12-year lows and the yuan was firmer, ahead of the monthly U.S. jobs report.
* The report is expected to show that U.S. employers likely maintained a fairly strong pace of hiring in December, with nonfarm payrolls expected to increase by 200,000, and unemployment rate holding steady at 5 percent. The report is expected at 8:30 a.m. ET (1330 GMT)
* A solid report would suggest that the recent weakness was largely restricted to manufacturers and exporters. Both have been hit by a strong dollar and anemic global demand.
* China nudged the yuan higher for the first time in nine days, while traders welcomed the country's decision to suspend a circuit breaker which halted trading twice this week.
* The CSI300 index and the Shanghai Composite index both closed up 2 percent, capping off a week of tumult.
* Oil prices rose modestly, boosted by the recovery in Chinese shares, but remained within reach of 11-1/2 lows.
* U.S. stocks closed down sharply on Thursday, giving the Dow and S&P 500 their worst four-day starts to a year ever. Continuación...