US STOCKS-Futures up after China data, Fed officials' comments

Wed Nov 11, 2009 12:40pm GMT
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* Chinese factory output growth surges to 19-month high

* US bond market, government offices closed for holiday

* For up-to-the-minute market news, click [STXNEWS/US]

By Angela Moon

NEW YORK, Nov 11 (Reuters) - U.S. stock index futures pointed to a nearly 1 percent rise at the open on Wednesday after data from China showed the world's third-largest economy was on track for faster growth, while comments from several Federal Reserve officials underscored a belief that low interest rates will remain intact.

* Chinese factory output growth surged to a 19-month high in October, signaling that it has firmly put the worst of the global economic crisis behind it. For details, see [ID:nPEK212006]

* Top Fed officials said in a string of speeches on Tuesday that high unemployment and reluctant consumers would likely make a U.S. economic recovery weak and erratic. [ID:nN10315173]

* Macy's Inc (M.N: Quote, Profile, Research), Computer Sciences Corp (CSC.N: Quote, Profile, Research), The Progressive Corp (PGR.N: Quote, Profile, Research) and Applied Materials Inc (AMAT.O: Quote, Profile, Research) feature among companies due to report results.  Continued...

 
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