China stimulus hopes send U.S. stock futures sharply higher

U.S. stock futures came off session highs but were still pointing to a sharply higher open on Wall Street Tuesday.

Gains in futures follow advances in equity markets and Europe and Asia as investors hope for fresh stimulus from the Chinese central bank after a round of weak trade data, which showed exports fell in August for a second straight month.

…“The latest data reflect soft domestic demand at the time when external demand is also relatively weak, which puts pressure on the government to step in and increase spending and on the [People’s Bank of China] to potentially inject another dose of monetary policy stimulus and/or allow the yuan to weaken,” analyst at Rabobank said in a note.

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