US Futures Gain on Upbeat China Data; Congress to Consider Syria Attack


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US stocks were poised to open higher Monday after Chinese exports grew more than expected but as the U.S. Congress returns from recess today with the focus turning to whether it will back President Barack Obama's plans to attack Syria.

Meanwhile, the market is still waiting for the Federal Reserve to decide on the timing and size of a tapering of its asset purchase program. The Fed's decision is informed by economic indicators including jobless figures. On Friday, monthly unemployment figures dropped to their lowest level since 2008 but the labor-participation share fell to its lowest level in 35 years.

In equities, Koch Industries said it will acquire Molex Corp ( MOLX ), the marker of electronic and fiber-optic connection systems, for $38.5 per share in a $7.2 billion deal. MOLX shares were halted.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities

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