US STOCKS-Wall St set to open higher on China data, bank earnings

miércoles 13 de abril de 2016 09:00 GYT
 

* JPMorgan up after higher-than-expected

* China exports rise more than expected in March

* U.S. retail sales fall unexpectedly in March

* Futures rise: Dow 91 pts, S&P 11 pts, Nasdaq 32.75 pts (Adds details, comment, updates prices)

By Yashaswini Swamynathan

April 13 (Reuters) - Wall Street was set to open higher on Wednesday, helped by strong Chinese trade data and JPMorgan Chase & Co's higher-than-expected quarterly profit.

Shares of JPMorgan, which kicked off Wall Street bank earnings, were up 2.3 percent at $60.65 in premarket trading. Other bank stocks also rose, with Bank of America rising 2.6 percent and Citigroup gaining 2 percent.

The results added to upbeat Chinese data, which showed March exports handily beat expectations, rising for the first time in nine months and raising hopes that the world's second largest economy was on the road to recovery.

Global markets logged strong gains following the data.   Continuación...