US STOCKS-Indexes set to rise on China data, bank earnings

martes 19 de enero de 2016 09:49 GYT
 

* China's GDP grew 6.9 pct last year

* Banks rise on strong results from BofA, Morgan Stanley

* Tiffany slides after weak holiday sales

* Futures up: Dow 215 pts, S&P 25.25 pts, Nasdaq 56.75 pts (Adds details, comment, updates prices)

By Abhiram Nandakumar

Jan 19 (Reuters) - U.S. stock indexes looked set to open higher on Tuesday after China's slowest annual growth rate in 25 years raised hopes of further stimulus measures from Beijing, and on strong earnings reports from Bank of America and Morgan Stanley.

China's 2015 growth hit 6.9 percent after the fourth quarter slowed to 6.8 percent, capping a tumultuous year in which concerns about Beijing ability to rebalance the slowing economy have rattled investors across markets.

The weak growth in China also prompted the International Monetary Fund to cut its global growth forecasts for the third time in less than a year.

"The early enthusiasm is being driven by some optimism coming out of China," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.   Continuación...