US STOCKS-Futures sharply higher as oil extends gains

lunes 22 de febrero de 2016 08:24 GYT
 

* Futures up: Dow 188 pts, S&P 22.25 pts, Nasdaq 52.25 pts

By Yashaswini Swamynathan

Feb 22 (Reuters) - U.S. stock index futures were sharply higher on Monday, in lock-step with oil prices, as investors look for signs of stability after a turbulent start to the year.

* Crude prices were up more than 3 percent after data showed a fall in U.S. rig counts and the International Energy Agency said it expects U.S. shale oil output to fall.

* Global stocks rose on the jump in oil prices and as weak data on private business activity in the euro zone stoked expectations of a further easing of monetary policy by the European Central Bank.

* Investors are also keeping a close eye on the U.S. Federal Reserve for its next move on interest rates.

* While Fed Chair Janet Yellen has indicated the central bank would stick to its rate hike program, policymakers appear at odds and traders have all but given up on a hike this year.

* Wall Street ended flat on Friday, but gains midweek helped the three major indexes post their best week in 2016.

* Crude oil is hovering near $30 a barrel, levels last seen in 2003. Tepid demand for energy is being seen as a sign of weakness in the global economy as growth stalls.   Continuación...