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US futures rise as markets shrug off weak China data

Wall Street stock indexes looked set to open higher on Monday, tracking Asian and European markets, after the better-than-expected U.S. non-farm jobs number on Friday.

The S&P 500 and Nasdaq Composite indexes posted their strongest closes ever on Friday after the much-watched official employment report showed 255,000 new jobs were created in July. This was well above the expected 180,000.

After the non-farm payrolls, Asian and European markets shrugged off weak Chinese trade data overnight. Chinese exports and imports fell more-than-expected in U.S. dollar-denominated terms.

No major economic data is due from the U.S. on Monday. The heavy part of earnings season is behind us, but Dean Foods, Sotheby's and News Corp posted quarterly results on Monday.

The U.S. dollar traded higher against a basket of currencies at around 96.3 on Monday, having traded below 96.0 before the jobs report on Friday.


Stock watch

Delta shares will be worth watching on Monday as a system-wide computer failure delayed thousands of airline passengers around the world.

Meanwhile, Walmart is set to buy online retailer Jet.com, according to media reports citing sources familiar with the transaction, and Amazon Japan has been raided on suspicion of antitrust practices, according to local media reports.

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