US STOCKS-Futures rise on oil gains, hopes of stimulus

martes 1 de marzo de 2016 08:23 GYT
 

* Futures up: Dow 111 pts, S&P 14.25 pts, Nasdaq 30.50 pts

By Abhiram Nandakumar

March 1 (Reuters) - U.S. stock index futures were higher on Tuesday, as oil prices held on to gains and weak economic data globally raised hopes of a further easing of monetary policies.

* Crude oil prices rose on the prospects of higher demand from China, the world's largest commodities consumer. Oil prices have influenced stock markets for most of this year as investors take oil demand as a barometer of economic growth.

* Global stocks rose after disappointing euro zone PMI data and weaker-than-expected Chinese manufacturing activity bolstered the chances of central banks extending stimulus programs.

* The data will likely add to the U.S. Federal Reserve's deliberations on its own move on further interest rate hikes.

* While Fed Chair Janet Yellen has hinted at continuing with the Fed's plan to raise rates gradually through the year, other policymakers are calling for a pause amid the turmoil in global financial markets and slowing global growth.

* Data from the Institute for Supply Management is expected to show U.S. manufacturing activity steadied in February, with the national manufacturing index inching up to 48.5 from 48.2 in January. The report is due at 10:00 a.m. ET (1500 GMT).

* Automakers are also slated to report U.S. sales for February.   Continuación...