US STOCKS-China data, Fed comments lift futures

Wed Nov 11, 2009 1:13pm GMT
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* Chinese factory output growth surges to 19-month high

* US bond market, government offices closed for holiday

* Futures up: S&P 8 pts, Dow 68 pts, Nasdaq 16 pts

* For up-to-the-minute market news, click [STXNEWS/US] (Updates indexes, prices, adds quote)

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]  Continued...

 
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