US STOCKS-Surging oil, Yellen's comments drive futures higher

viernes 8 de abril de 2016 07:30 GYT
 

* Futures up: Dow 79 pts, S&P 10.75 pts, Nasdaq 24.75 pts

By Yashaswini Swamynathan

April 8 (Reuters) - U.S. stock index futures rose on Friday, boosted by a surge in oil prices and Federal Reserve Chair Janet Yellen's positive comments on the economy.

* Crude rose more than 3 percent as encouraging economic indicators in the United States and Europe boosted hopes of rising demand.

* Yellen, in a rare appearance with former Fed chairmen on Thursday, said the U.S. economy was on a solid course with some hints of inflation, putting the central bank on track for further rate hikes.

* U.S. wholesale inventories in February are expected to have dipped 0.1 percent from a 0.2 percent increase in the previous month. The report is due at 10 a.m. ET (1400 GMT).

* New York Fed President William Dudley is slated to speak on the economy at 8:30 a.m. ET.

* Wall Street closed lower on Thursday as oil prices fell and fears about the global economic slowdown put pressure on the dollar against the yen.

* The yen surged this week as uncertainty surrounding global growth and U.S. interest rates sent investors towards traditional safe haven assets.   Continuación...