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US STOCK-Wall St set to rise on euro data; housing eyed

Fri Aug 21, 2009 6:30pm IST
 
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* German, French PMIs positive in August

* July existing home sales data, Bernanke speech on tap

* Futures up: Dow 43 pts, S&P 500 6.7 pts, Nasdaq 7.25 pts

* For up-to-the-minute market news, click STXNEWS/US

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By Edward Krudy

NEW YORK, Aug 21 (Reuters) - U.S. stock index futures pointed to a higher open on Friday, spurred by positive economic data from Europe, as investors awaited a U.S. report on existing home sales and a speech by Federal Reserve Chairman Ben Bernanke on the lessons from the financial crisis.

Purchasing managers indexes showed the German and French private sectors probably returned to growth in August, a week after data indicated the European heavy-weights pulled out of recession in the second quarter. For more, see [ID:nSAC014724] and [ID:nSAC014723]   Continued...