US STOCKS-Futures rise as Sept rate hike seems less likely

jueves 27 de agosto de 2015 07:30 GYT

* Futures rise: Dow 169 pts, S&P 19 pts, Nasdaq 51 pts

By Tanya Agrawal

Aug 27 (Reuters) - U.S. stock index futures rose sharply on Thursday, a day after Wall Street posted its biggest one-day gain in four years.

* Stocks soared on Wednesday after New York Fed President William Dudley said the case for a September rate hike seemed "less compelling" than before.

* Chinese stocks also rebounded sharply, snapping a brutal five-day losing streak. The blue-chip CSI300 index jumped 6 percent, while the Shanghai Composite Index gained 5.4 percent.

* Dudley's dovish comments came a day before many of the world's top central bankers gather at an annual conference in Jackson Hole, Wyoming. Investors will keep an eye on the meeting for any clues on the timing of a U.S. interest rate hike.

* The U.S. market fell in the past week on concerns that a slowdown in China's economy would affect global growth. The rout followed a steep plunge in Chinese stocks markets.

* Up to Wednesday's close, the Dow had lost 7.1 percent in the past seven trading days, the Nasdaq 7.2 percent and the S&P 7.4 percent.

* Investors will also keep a sharp eye on key data scheduled to be released later in the day. U.S. economic growth is expected to have accelerated in the second quarter, with preliminary gross domestic product growth expected to be 3.2 percent on an annualized basis. The data is expected at 8:30 a.m. ET (1230 GMT).   Continuación...