US STOCKS-Futures slightly higher after BoE cuts rates

jueves 4 de agosto de 2016 07:23 GYT
 

* Futures: Dow up 29 pts, S&P up 3 pts, Nasdaq down 0.5 pts

By Yashaswini Swamynathan

Aug 4 (Reuters) - U.S. stock index futures were slightly higher after the Bank of England cut interest rates and ahead of economic data.

* The BoE lowered its main lending rate to a record-low of 0.25 percent from 0.5 percent and said it would buy 60 billion pounds of government debt to ease the blow from Britain's vote to leave the European Union.

* Oil prices slipped after momentary relief on Wednesday as the focus shifted back to oversupply.

* A report is expected to show applications for unemployment benefits in the United States fell by 1,000 to 265,000 for the week ended July 30. The data is due at 8:30 a.m. ET (1230 GMT).

* The U.S. Commerce Department will release its report on manufacturing goods at 10:00 a.m. ET. The report is likely to show that new orders for factory goods fell 1.8 percent in June.

* A recent set of strong economic data, including Wednesday's private sector hiring numbers, can strengthen the case for the Federal Reserve to raise interest rates. A lot hinges on the more comprehensive monthly jobs data, which is expected on Friday.

* However, traders do not expect a rate hike anytime this year, according to CME Group's FedWatch tool.   Continuación...