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Wall Street set to recover after bumpy session

Reuters 

By Sruthi Shankar(Reuters) - Wall Street was set to open higher on Wednesday, gaining momentum from economic data that further eased fears of faster interest rate hikes in 2018. Also helping the sentiment was a faster-than-expected growth in China's factory activity in the first two months of the year, which boosted commodity prices and oil prices.China strong growth comes at a time when U.S. President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports."China came out with a better news than what was expected," said Robert Pavlik, chief investment strategist ...

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First Published: Wed, March 14 2018. 19:01 IST
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