U.S. stock index futures are higher today as stocks still get over a brutal selloff which in fact had gripped industry for many of the year.
Global stocks rose, led by gains in Chinese shares. Top Chinese officials said on Sunday the world’s second largest economy was showing indications of improvement.Crude prices fell amid uncertainty about major exporters reaching an agreement to freeze production and symptoms of U.S. producers increasing drilling activity.The U.S. Federal Reserve’s accommodative move the other day to scale back round the volume of rate hikes this year to two helped push stocks higher.The S&P 500 on Friday turned positive the very first time in 2016, closing up 0.25 %, coping with excess of Ten percent fall earlier around.Investors will appear for signs the U.S. economy is constantly recover, with expectations for corporate earnings improving and commodity prices edging up, even while weak global conditions casts a pall on sentiment.Data on Monday includes U.S. existing home sales, that are anticipated having dropped 2.2 percent in February. The report reaches 10 a.m. ET.Shares of Nike were up 1.Five percent at $63.96 premarket after JP Morgan raised your buck target on the stock and added it with a focus list like a growth strategy pick.Intel was down 1.8 percent at $32.10, Sherwin-Williams fell 2 percent to $283 and Transocean was down 3.3 percent at $10.42 after rating downgrades.
? Thomson Reuters 2016
