US STOCKS-Wall Street set to open lower as China adds to uncertainty

jueves 10 de septiembre de 2015 08:49 GYT
 

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By Tanya Agrawal

Sept 10 (Reuters) - Wall Street was set to open lower on Thursday, with index futures wiping out earlier gains as more uncertain news emerged out of China.

Data showed that producer prices in China fell for the 42nd straight month and car sales dropped, in the most recent sign that deflation remains a significant risk for the world's No. 2 economy.

Global financial markets have been rattled in recent weeks by fears that China's slowdown could be a drag on sluggish global growth, prompting some investors to bet that the U.S. central bank will delay a rate hike until the end of the year.

"What is China going to do? That is the biggest unknown for people at the moment," said Randy Frederick, managing director of trading and derivatives at Charles Schwab.   Continuación...