US STOCKS-Wall St set to open higher on hopes of Chinese stimulus

martes 8 de septiembre de 2015 08:49 GYT

* China's imports shrink for 10th straight month

* U.S. small business confidence rises in August

* Media General jumps after agreeing to buy Meredith Corp

* Futures up: Dow 271 pts, S&P 34 pts, Nasdaq 71 pts (Adds details, comment, updates prices)

By Tanya Agrawal

Sept 8 (Reuters) - U.S. stocks were set to open higher on Tuesday after weak economic data out of China bolstered hopes of more stimulus measures from the Chinese government.

Wall Street capped a tough week on Friday, with major indexes closing down more than 1 percent, after a mixed August jobs report did little to quell uncertainty about whether the Federal Reserve will increase interest rates this month.

China's imports shrank far more than expected in August, falling for the 10th straight month. Imports fell 13.8 percent from a year earlier, more than the 8.2 percent drop economists had expected.

However, Chinese stocks rose nearly 3 percent on Tuesday as a surge in late-afternoon buying helped erase early losses. Late on Monday, China said it would remove tax on dividend incomes for investors who hold stocks for more than a year in an effort to encourage longer-term investment.   Continuación...