US STOCKS-Wall St set to open higher as oil gains, banks rebound

viernes 12 de febrero de 2016 09:53 GYT

* Brent crude prices up nearly 5 pct

* JPMorgan up after CEO buys shares

* Futures up: Dow 170 pts, S&P 22.75 pts, Nasdaq 47 pts (Adds details, comment, updates prices)

By Aastha Agnihotri

Feb 12 (Reuters) - Wall Street was set to open higher on Friday in tandem with higher oil prices and a rebound in beaten-down bank stocks, after a punishing, widespread rout this week due to concerns about the health of the global economy.

Financial stocks, led by banks, have sold off this week on mounting concerns about the impact of negative interest rates and a wave of defaults from the battered energy sector, amid strong indications of slowing global growth.

The S&P 500 financial sectors is down 17.7 percent this year, with a 6.1 percent decline in the past four days alone.

JPMorgan and Goldman Sachs were leading the premarket gainers on the Dow, while the top five top percentage gainers on the S&P 500 were oil companies, led by Chesapeake's 6.7 percent increase.

Prices of Brent crude, which has been in a tailspin for more than a year, were up nearly 5 percent on Friday after the United Arab Emirates' energy minister said OPEC was willing to talk about cutting production.   Continuación...