US STOCKS-Futures higher as oil prices offer some respite

viernes 12 de febrero de 2016 08:34 GYT

* Futures up: Dow 133 pts, S&P 18 pts, Nasdaq 38.25 pts

By Aastha Agnihotri

Feb 12 (Reuters) - U.S. stock index futures were higher on Friday in tandem with higher oil prices and after a punishing, widespread rout this week due to concerns about the health of the global economy.

* Oil prices, which have dictated the market's direction this year, were up nearly 5 percent after the United Arab Emirates' energy minister said OPEC was willing to talk about cutting production.

* Global stocks also calmed after a week of heavy selling that put the yen on track for its strongest week against the dollar since late 2008. The yen has been a traditional safe haven for investors in times of turmoil.

* Other safe havens such as gold and treasuries have also been snapped up by investors spooked by slowing global growth and the relentless pressure of commodity prices.

* Financial stocks, led by banks, dragged Wall Street lower on Thursday, on mounting concerns that interest rates would be pressured by the slowing global economy by defaults from the battered energy sector.

* U.S. Federal Reserve Chair Janet Yellen told Congress this week that she was studying ways to "be prepared" should the rout in world stock markets, the stress in the financial sector, and slowing economic growth translating into a recession or another financial crisis.

* Shares of JPMorgan were up 3.3 percent at $54.83 premarket on Friday after the bank's chief executive, Jamie Dimon, bought more than $25 million of the company's stock, taking his ownership to 7.79 percent.   Continuación...