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* In the second industry-wide cut in two months,
China's central bank on Sunday cut the amount of cash that banks
must hold as reserves in a move to help spur bank lending and
combat slowing growth.
* Morgan Stanley <MS.N> shares rose 2.6 percent in premarket
trading after the Wall Street investment bank reported a 60
percent rise in quarterly profit and raised its dividend by 50
percent to 15 cents per share.
* Hasbro <HAS.O> jumped 8.5 percent after the toymaker reported
a surprise increase in quarterly revenue, helped by strong
growth in toys based on characters in Transformers movies and
Marvel Comics.
* IBM <IBM.N> is due to report results after the closing bell.
* Despite lackluster U.S. economic data, a world grappling with
slow growth and concern that Greece and Ukraine could default on
their debt, the U.S. stock market has been more than resilient.
Even after Friday's selloff, major indices are less than two
percent from all-time highs and volatility measurements have
been close to their lowest levels for 2015.
Futures snapshot at 7:35:
* S&P 500 e-minis were up 8 points, or 0.39 percent, with
153,943 contracts changing hands.
* Nasdaq 100 e-minis were up 11.25 points, or 0.26 percent, in
volume of 24,878 contracts.
* Dow e-minis were up 77 points, or 0.43 percent, with 24,862
contracts changing hands.
(Reporting by Rodrigo Campos; Editing by Chizu Nomiyama)
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