Stock futures higher as robust Chinese data eases growth worries

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U.S. stock index futures rose on Wednesday after encouraging data from China allayed concerns of slowing global growth in the backdrop of an ...

REUTERS: U.S. stock index futures rose on Wednesday after encouraging data from China allayed concerns of slowing global growth in the backdrop of an ongoing trade dispute between the United States and China.

Markets have struggled in August as escalating trade tensions and the inversion of a key part of the U.S. yield curve, often seen as a sign of recession, drove investors away from risky assets, pushing the S&P 500 1.8per cent lower for the month.Intel Corp , Qualcomm Inc and Micron Technology Inc rose between 0.7per cent and 3per cent in premarket trading.Goldman Sachs Group Inc , Bank of America Corp and JPMorgan Chase & Co were also trading higher as the benchmark 10-year yield fell.

At 7:17 a.m. ET, Dow e-minis were up 195 points, or 0.75per cent. S&P 500 e-minis were up 22.25 points, or 0.77per cent and Nasdaq 100 e-minis were up 72.75 points, or 0.96per cent.

 

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