U.S. stock index futures rose on Thursday, on track to snap a five-day losing streak as hopes grew the Chinese government would step in to bolster the country's slowing growth.
Chinese stocks rebounded from multi-year lows, buoying shares elsewhere in Asia, on speculation the China Securities Regulatory Commission would announce steps to support beleaguered domestic markets that could include more changes to initial public reforms. Traders also said China's central bank fed $57.9 billion into money markets this week, the largest weekly injection in history.
Source: Reuters. Read full article. (link)