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Futures edge higher on hopes of monetary stimulus

“(Reuters) – U.S. stock index futures ticked higher on Monday, as mixed global economic data drove expectations of monetary stimulus from central banks, including the U.S. Federal Reserve” writes Midwest Communications Inc for 95kqds.com. Among other stocks, drugmaker Amgen Inc fell 4.2% and was the biggest loser among S&P 500 stocks in premarket trading.The benchmark S&P 500 <.SPX> gained 1.8% last week as a slew of positive global economic news, including China’s decision to slash bank reserve requirements, more than offset mixed set of domestic economic data.
Source: 95kqds.com

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