Reply #3: It's China's turn to kick the can! U.S. stock futures rise after China move

[Pale Blue Dot]

LONDON (MarketWatch) — U.S. stock futures turned higher on Wednesday after China announced a cut in banks’ reserve-requirement ratio and as investors awaited a batch of U.S. economic data.

Futures on the Dow Jones Industrial Average DJ1Z +0.74% rose 65 points to 11,630 after trading down around 50 points.

The reversal came as China’s central bank said it would lower banks’ reserve-requirement ratio by 0.5 percentage point in an attempt to boost the economy. European stock markets also erased losses, with the Stoxx Europe 600 index XX:SXXP +1.10% up 0.7% to 233.29.

Futures on the Standard & Poor’s 500 stock index SP1Z +0.81% gained 8 points to 1,204.5 and Nasdaq 100 futures ND1Z +0.96% climbed 17.75 points to 2,230.2.

http://www.marketwatch.com/story/us-stock-futures-slip-after-sp-move-2011-11-30?link=MW_latest_news