US STOCKS-Futures rise as dollar falls after G20

* Dollar pressure gives futures lift after G20 meeting

* September existing home sales on tap

* Futures up: S&P 7.6 pts, Dow 59 pts, Nasdaq 10.25 pts

* For up-to-the-minute market news see [STXNEWS/US]
(Writes through, adds quote, details, byline)

By Leah Schnurr

NEW YORK, Oct 25 (BestGrowthStock) – U.S. stock index futures rose
on Monday as the U.S. dollar fell after a meeting of the Group
of 20 stopped short of setting targets to reduce trade
imbalances.

At a meeting in South Korea over the weekend, the G20
agreed to shun competitive currency devaluations, but stopped
short of setting targets to reduce trade imbalances that are
clouding global growth prospects. For details, see
[ID:nTOE69M004] and [ID:nTOE69K01G]

The greenback slid broadly, while commodity prices surged
after the G20 deal and ahead of opening remarks by U.S. Federal
Reserve Chairman Ben Bernanke at a Federal Deposit Insurance
Corp conference. Investors are hoping for details of an
expected new round of U.S. monetary stimulus. [FED/AHEAD]

“It’s another day where we have that correlation in play of
a weak dollar and strong stocks,” said Jamie Cox, managing
partner of Harris Financial Group in Colonial Heights, Virginia
.

Equities and the dollar have developed a strong inverse
relationship, and growing speculation the Fed will extend
quantitative easing measures at its next meeting in November
has pressured the dollar while boosting equities.

The dollar was down 0.7 percent against a basket of
currencies (.DXY: ), while oil futures (Clc1: ) were up 0.8 percent
at $82.38 a barrel, giving back some earlier gains.

While the earnings season so far has looked strong,
investors have been more focused on the macro economic picture
than the corporate one, Cox said.

Quarterly results are due from Amgen Inc (AMGN.O: ), Texas
Instruments Inc (TXN.N: ), Plum Creek Timber Co Inc (PCL.N: ) and
Roper Industries Inc (ROP.N: ). [RESF/US]

S&P 500 futures (SPc1: ) rose 7.6 points and were above fair
value, a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures (DJc1: ) gained 59
points, and Nasdaq 100 futures (NDc1: ) added 10.25 points.

Economic data on tap includes September existing home
sales, which are expected to rise to 4.3 million from 4.13
million the month before. [ECI/US]. The report will come at 10
a.m. (1400 GMT) from the National Association of Realtors.

Bank of America Corp (BAC.N: ) acknowledged mistakes in
foreclosure files as it began to resubmit documents in 102,000
cases, the Wall Street Journal reported. [ID:nN24216255]

CommScope Inc (CTV.N: ) jumped 33.7 percent to $30.90 before
the opening bell after it said it was in talks with private
equity firm Carlyle Group [CYL.UL] on a potential acquisition
that would take the communications cable maker private.
[ID:nSGE69O090]

Stocks capped a third straight week of gains on Friday as
encouraging earnings helped the market sustain upward momentum,
led by Baidu Inc (BIDU.O: ), the latest technology company to
beat estimates.
(Editing by Jeffrey Benkoe)

US STOCKS-Futures rise as dollar falls after G20