US STOCKS-Futures higher as earnings season kicks off

lunes 11 de abril de 2016 07:18 GYT

* Futures up: Dow 72 pts, S&P 8.75 pts, Nasdaq 20 pts

By Abhiram Nandakumar

April 11 (Reuters) - U.S. stock index futures were higher on Monday as investors brace for the corporate earnings season, with Alcoa set to post first-quarter results after the market closes.

* Big bank earnings are on the cards through the week, starting with JPMorgan Chase & Co on Wednesday.

* Expectations are low for profit growth as companies struggle with a weak global economy, low commodity prices and the strengthening dollar.

* Earnings at S&P 500 companies are expected to have declined 7.6 percent on average in the first quarter, according to Thomson Reuters data.

* Investors are still waiting for a clearer picture on monetary policy, with U.S. Federal Reserve appearing more cautious on rate hikes than the market had expected.

* U.S. President Barack Obama will meet with Yellen on Monday to discuss the economy and Wall Street reform, the White House said on Sunday.

* Oil, which has mostly driven the direction of the stock market this year, was little changed ahead of a planned meeting by producers aimed at freezing output.   Continuación...