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*
China exports fell just 1.4 percent in December, much less than
the expected 8 percent drop, allaying some concerns about the
health of the world's second biggest economy.
* Global stocks rose. Crude prices were up for the first time in
eight days, also helped by a surprise decline in U.S.
inventories.
* Oil fell briefly below the widely watched $30-per-barrel level
on Tuesday.
* U.S. stocks closed higher on Tuesday as a late afternoon
reversal in energy and biotechs helped the Nasdaq snap an
eight-day losing streak.
* Shares of Ford were down 2.9 percent at $12.48 premarket after
the automaker's profit forecast missed estimates.
* Yum Brands was up 2.1 percent at $71 after it said China
same-store sales grew 1 percent in December.
* Metlife was up 5 percent at $44.10 after the largest U.S. life
insurer said it plans to separate a large part of its retail
business.
* Microsoft was up 1.5 percent at $53.55 after Morgan Stanley
upgraded the stock to "overweight," citing confidence in the
software maker's cloud business.
* Boston Federal Reserve President Eric Rosengren, a voting
member of the FOMC, is slated to speak at 7:45 a.m. ET (1245
GMT) on the economy's outlook.
* The U.S. Treasury Department is scheduled to release its
budget report for December at 2 p.m.
Futures snapshot at 7:10 a.m. ET:
* Dow e-minis were up 88 points, or 0.54 percent, with 55,289
contracts changing hands.
* S&P 500 e-minis were up 11.5 points, or 0.6 percent, with
240,419 contracts traded.
* Nasdaq 100 e-minis were up 30.75 points, or 0.71 percent, on
volume of 42,902 contracts.
(Reporting by Abhiram Nandakumar in Bengaluru; Editing by Savio
D'Souza)
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