US STOCKS-Wall St opens higher ahead of U.S. factory data

lunes 4 de mayo de 2015 09:51 GYT

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By Tanya Agrawal

May 4 (Reuters) - Wall Street opened higher on Monday ahead of data that is expected to show demand for U.S. factory orders rose in March, signaling that the manufacturing sector is strengthening despite a stronger dollar.

New orders for U.S.-made goods are expected to have risen 2 percent in March compared with a 0.2 percent increase in the prior month. The data is expected at 10:00 a.m. EDT (1400 GMT).

The U.S. factory numbers comes after data showed Germany's manufacturing sector continued to expand in April, while factory activity in China for the month recorded its biggest drop in a year, hardening the case for fresh stimulus from Beijing.

Wall Street closed sharply higher on Friday as investors snapped up beaten-down shares and an encouraging batch of data for April pointed to a pickup in the economy.   Continuación...