US STOCKS-Wall St set to open higher on oil rise, stimulus hopes

martes 1 de marzo de 2016 09:53 GYT
 

* Manufacturing data weak in euro zone and China

* Fiat up after reporting increase in February sales

* Futures up: Dow 93 pts, S&P 12 pts, Nasdaq 24 pts (Adds details, comment, updates prices)

By Abhiram Nandakumar

March 1 (Reuters) - Wall Street was set to open 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 manufacturing data out of the euro zone and China bolstered the chances of central banks extending stimulus programs.

The data will likely give the U.S. Federal Reserve pause as it deliberates on if and when it will further increase interest rates.

While Fed Chair Janet Yellen has hinted at continuing with the central bank'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.   Continuación...