RTRS:GLOBAL MARKETS-European stocks set to rise; dollar struggles
* U.S. stock futures up 0.9 percent, Asia sees steady gains
* Bernanke leaves door open for further Fed action
* China stocks suffer setback from latest PBOC measures
* Hurricane Irene causes less damage to New York than feared
By Vikram Subhedar
HONG KONG, Aug 29 (Reuters) - European stocks were set to open up on Monday, in line with Asian shares which rose while the dollar struggled after Federal Reserve Chairman Ben Bernanke left the door open for further action to stimulate the U.S. economy and fight unemployment.
An index of European stock futures was up 1.9 percent, and U.S. stock futures rose 0.9 percent after Hurricane Irene, downgraded to tropical storm status, spared the nation's financial centre the worst.
London markets are closed on Monday for a holiday.
Bernanke gave no details of further action to boost the U.S. recovery but said the central bank's policy panel would meet for two days next month instead of one to discuss additional monetary stimulus, offering some hope to investors. . Continued...
