US STOCKS-Wall Street poised for gains after Monday's heavy selloff

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* Coca-Cola up as Morgan Stanley upgrades to overweight
* May on course to post worst monthly decline since December
* Boeing rises ahead of April deliveries report
* Futures up: Dow 0.45%, S&P 0.60%, Nasdaq 0.83%

(Adds analyst comment, updates prices)
By Sruthi Shankar
May 14 (Reuters) - U.S. stock index futures indicated gains
at the open on Tuesday, as optimistic comments from Washington
and Beijing took the edge off market concerns about a further
escalation in trade war.
The prospects of global economy being derailed by the United
States and China sliding into a fiercer, more protracted dispute
had rattled investors on Monday after China announced plans to
hit back with tariffs on U.S. goods.
Wall Street witnessed one of its worst selloffs this year in
the previous session, with the S&P 500 .SPX and the Dow .DJI
recording their largest percentage drops since Jan. 3 and the
tech-heavy Nasdaq .IXIC logging its worst day in 2019 as
investors scoured for safety in low-risk assets.
U.S. President Donald Trump said on Monday he would talk to
Chinese President Xi Jinping at G20 Summit in late June, while
China said both sides have agreed to keep the talks going,
helping inject some calm into markets. GLOB/MKTS
"Investors are trying to scoop up bargains. Maybe things
have gotten a little bit too far overdone to the downside," said
Robert Pavlik, chief investment strategist and senior portfolio
manager at SlateStone Wealth LLC in New York.
"As long as the two sides are talking, the tariffs itself
become background noise."
The recent run of losses has knocked nearly 5% off the S&P
500 since hitting an all-time high on May 1, putting the index
on course for the biggest monthly decline since December.
At 8:49 a.m. ET, Dow e-minis 1YMc1 were up 114 points, or
0.45%. S&P 500 e-minis ESc1 were up 16.75 points, or 0.6% and
Nasdaq 100 e-minis NQc1 were up 60.75 points, or 0.83%.
A Labor Department report showed U.S. import prices rose
less than expected in April as increases in the cost of
petroleum and food were tempered by the largest drop in the
price of capital goods in 10 years, suggesting inflation could
remain tame for a while. Data showed import prices increased 0.2% last month, while
economists polled by Reuters had forecast a 0.7% rise.
Federal Reserve's New York chief John Williams, a voter in
the interest rate setting committee this year, said the recent
U.S. tariffs imposed on Chinese goods will boost U.S. inflation
and could dampen economic growth. Apple Inc shares APPL.O , among the hardest hit on Monday,
gained 0.6% in premarket trading, along with a host of
chipmakers, including Micron Technology Inc MU.O , Nvidia Corp
NVDA.O and Advanced Micro Devices AMD.O .
Coca-Cola Co's shares KO.N rose 0.7% after Morgan Stanley
upgraded the stock to "overweight", saying higher growth has not
been priced into the stock's valuation. Boeing Co shares BA.N were up 0.8% ahead of April
deliveries report, expected later in the day.
Deere & Co DE.N fell 1.8% after JP Morgan downgraded
shares of the tractor maker to "underweight" from "neutral".