US STOCKS-Futures rise on strong China data, JPMorgan results

viernes 14 de octubre de 2016 07:26 GYT
 

* Futures up: Dow 90 pts, S&P 9.75 pts, Nasdaq 21 pts

By Yashaswini Swamynathan

Oct 14 (Reuters) - U.S. stock index futures rose on Friday, a day after dropping to one-month lows, as JPMorgan's upbeat quarterly report kicked off the big U.S. banks' earnings on an optimistic note and strong Chinese inflation boosted sentiment.

* JPMorgan, the biggest U.S. bank by assets, reported a 7.6 percent drop in quarterly profit after recording a tax expense, compared with a rare tax benefit a year earlier, but both revenue and profit beat analyst estimates, sending its stock up 1.6 percent in premarket trading.

* Wells Fargo and Citigroup will also report results before markets open on Friday. Their shares and those of other U.S. banks rose more than 1 percent.

* Data from China showed producer prices rose unexpectedly in September, marking the first increase in nearly five years and easing some worries about the health of the world's second largest economy.

* Federal Reserve Chair Janet Yellen is scheduled to speak at a conference in Boston, where she is likely to address the growing sentiment among policymakers for a U.S. interest rate hike in the near term. Her speech is due at 13:30 p.m. ET (1730 GMT). Boston Fed president Eric Rosengren is also expected to speak at the event.

* Investors are also awaiting a reading on September retail sales, which likely rose 0.6 percent after dropping 0.3 percent the previous month. The report will be released at 8:30 a.m. ET.

* Wall Street slipped on Thursday, as financial stocks fell and a larger-than-expected fall in Chinese exports spooked global markets.   Continuación...