(For a Reuters live blog on U.S., UK and European stock

markets, click LIVE/ or type LIVE/ in a news window.)

*

Futures up: Dow 0.14%, S&P 500 0.22%, Nasdaq 0.36%

*

Barclays, StanChart revise Fed rate cut projections

*

Robinhood, AppLovin ( APP ) jump on S&P 500 inclusion plans

(Updates prices, adds quote)

By Purvi Agarwal and Ragini Mathur

Sept 8 (Reuters) - U.S. stock index futures edged higher

on Monday, recovering slightly from Wall Street's lower close in

the previous session amid hopes that the Federal Reserve could

respond to dreary labor market numbers by lowering borrowing

costs soon.

After Friday's worrying

nonfarm payrolls report

confirming a weakening U.S. job market, traders firmed

their expectations for a 25-basis-point cut. The bets now stand

at 90%, according to CME Group's FedWatch tool.

A jumbo 50-bps cut was also on the cards, compared to no

such expectation before the jobs data was released.

Wall Street's main indexes closed lower on Friday, however,

as the numbers stoked fears of a potential slowdown in the

world's biggest economy.

Numerous brokerages have revised calls for Fed interest-rate

cuts. Barclays now anticipates three cuts of 25 bps each in 2025

compared with two earlier, while Standard Chartered expects a

50-bps trim in September - double its earlier projection of a

25-bps reduction.

At 07:00 a.m. ET, Dow E-minis rose 68 points, or

0.14%, S&P 500 E-minis added 14.5 points, or 0.22%, and

Nasdaq 100 E-minis gained 84.75 points, or 0.36%.

Inflation data will be on investors' radar this week to

gauge the impact of President Donald Trump's tariff policies on

the U.S. economy, and whether it could strengthen the case for a

bigger rate cut.

"The Fed's wait-and-see stance on inflation amid tariff

disruptions made sense as it was hard to paint a rosy picture

for the economy in such conditions," said Ipek Ozkardeskaya,

senior analyst at Swissquote Bank.

"But if inflation doesn't pick up - which is highly

surprising - then they'll have to lower rates to avoid political

and public backlash."

A preliminary reading of the University of Michigan's

sentiment survey and a revision to the Bureau of Labor

Statistics' payrolls benchmark are also due this week.

With the Fed now entering a "blackout" period that bars

public statements in the run-up to its September 16-17 meeting,

markets will have to interpret economic data without fresh

guidance from policymakers.

The S&P and the Nasdaq hit record highs on Friday, logging

gains last week in a positive start to a historically dour

September.

The benchmark S&P 500 has lost 1.5% on average in the month

- its worst month since 2000 - data compiled by LSEG shows.

Among stocks, retail trading platform Robinhood Markets ( HOOD )

and marketing platform AppLovin ( APP ) gained 7.5% and

7.6%, respectively, in premarket trading. The companies are set

to join the S&P 500, effective September 22, after being snubbed

during the last rebalancing.

Hecla Mining ( HL ) climbed 4.2% on news of its forthcoming

addition to the small-cap S&P 600 index.

Drug developer Summit Therapeutics ( SMMT ) slid 23.2%

after reporting mixed data for its lung cancer drug.