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*
The U.S. Federal Reserve kicks off a two-day policy meeting
later in the day, with a statement expected on Wednesday.
* Traders see an 83 percent chance of a rate hike this week,
according to the CME Group's FedWatch program.
* Global stocks rose on Tuesday, while the dollar index fell
marginally, as crude oil prices recovered from Monday's slide to
near 11-year lows.
* U.S. economic data on Tuesday is expected to show consumer
prices were unchanged in November after rising 0.2 percent in
October. The data is due at 8:30 a.m. ET (1330 GMT).
* Amgen shares were up nearly 3 percent at $162.70 in premarket
trading. The drugmaker said on Monday that it would reacquire
sales rights to three of its products from GlaxoSmithkline.
* Kennametal slumped 17 percent to $21.22 after it cut its 2016
profit and revenue forecasts, citing weakness and volatility in
its core markets and lower oil prices.
Futures snapshot at 6:35 a.m. ET:
* Dow e-minis were up 136 points, or 0.78 percent, with 5,570
contracts changing hands.
* S&P 500 e-minis were up 15.5 points, or 0.77 percent, with
114,888 contracts traded.
* Nasdaq 100 e-minis were up 30 points, or 0.66 percent, on
volume of 6,663 contracts.
(Reporting by Abhiram Nandakumar and Aastha Agnihotri in
Bengaluru; Editing by Anil D'Silva)
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