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U.S. stocks: Futures up after Fischer says global recovery disappointing
Priceline results due
LONDON (MarketWatch) — U.S. stock futures indicated gains for Wall Street Monday, finding support in part from a top Federal Reserve official’s comments that suggest monetary policy may still be needed to aid recovery in the world’s largest economy.

Futures for the Dow Jones Industrial Average DJU4 +0.35% climbed 55 points, or 0.3%, to 16,534, while those for the S&P 500 index SPU4 +0.42% rose 6.7 points, or 0.4%, to 1,930.40. The Nasdaq 100 index NDU4 +0.58% moved 17 points, or 0.5%, higher to 3,890.75.

In terms of quarterly results, investors will look for second-quarter figures from online travel services provider Priceline. There is no major economic data on deck.

Ahead of Wall Street’s open, Federal Reserve Vice Chairman Stanley Fischer, in prepared comments for delivery at a conference in Stockholm, said rebounds across advanced economies have been disappointing, leading many observers, including the Fed, to reduce their long-term expectations for growth potential in the U.S.

It’s also still not clear whether U.S. economic growth was permanently damaged by the most recent recession, he said.

A higher start for equities would key off gains from Friday’s session during which geopolitical tensions appeared to have cooled. The Dow Jones Industrial Average DJIA +1.13% jumped 186 points, or 1.1%, its biggest one-day percentage gain in more than four months. News that “Russian military exercises have come to a conclusion on the outskirts of Ukraine, coupled with a more proactive strategy from the White House in dealing with Isis forces in Iraq, triggered a market rally,” wrote IG analyst Alastair McCaig to clients Monday. http://www.marketwatch.com/story/us-stocks-futures-up-after-fischer-says-global-recovery-disappointing-2014-08-11?dist=beforebell