Futures bounce back with eyes on China, Morgan Stanley

April 20, 2015 11:52 AM

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Futures bounce back with eyes on China, Morgan Stanley

NEW YORK (Reuters) - U.S. stock index futures rose on Monday, following a sharp decline in the previous session, as Chinese steps to stimulate its slowing economy and earnings including those from Morgan Stanley lured money back into equities.

* 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.

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