Wall Street set to open higher on tariff delays, ECB stimulus

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U.S. stock index futures rose on Thursday after President Donald Trump said the United States would delay scheduled tariff hikes on billions worth ...

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REUTERS: Wall Street was set to open higher on Thursday after the United States delayed scheduled tariff hikes on billions worth of Chinese imports, and the European Central Bank cut interest rates in an effort to boost euro zone economic growth.

"The market has been hyper-sensitive to any issues on trade and if we get any whiff of a hint that there may be some progress, that's viewed positively," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida. The ECB's approval of a fresh stimulus package of interest rates cuts and a bond buying program comes ahead of a Federal Reserve policy meeting next week where it is also expected to cut rates.

Separately, data on Thursday showed U.S. underlying consumer prices in August recorded the largest annual gain in a year, while weekly jobless claims dropped to a five-month low.At 8:56 a.m. ET, Dow e-minis were up 61 points, or 0.22per cent. S&P 500 e-minis were up 7.25 points, or 0.24per cent and Nasdaq 100 e-minis were up 48.5 points, or 0.61per cent.

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