NEW YORK (Reuters) - U.S. stocks closed little changed on Tuesday
after the International Monetary Fund reduced its growth forecasts for
2015 and 2016, increasing speculation central banks would take more
aggressive policy moves to spark economic improvement.
The lower forecasts implied less demand for fuel through 2016, contributing to another fall in crude oil, although some bullish results from major energy companies kept the sector afloat. The S&P energy index <.SPNY> eked out a gain of 0.09 percent.
The IMF cut its forecasts for both years by 0.3 percentage points and advised advanced economies to maintain accommodative monetary policies to avoid increases in real interest rates as cheaper oil increases deflation risk.
The European Central Bank is expected to announce a bond buying program on Thursday to boost the region's flagging economy.
"Any sense at all that the ECB disappoints, you will see the markets correct rather harshly," said Ken Polcari, Director of the NYSE floor division at O'Neil Securities in New York.
Read more Click Here / www.trade4x.net
The lower forecasts implied less demand for fuel through 2016, contributing to another fall in crude oil, although some bullish results from major energy companies kept the sector afloat. The S&P energy index <.SPNY> eked out a gain of 0.09 percent.
The IMF cut its forecasts for both years by 0.3 percentage points and advised advanced economies to maintain accommodative monetary policies to avoid increases in real interest rates as cheaper oil increases deflation risk.
The European Central Bank is expected to announce a bond buying program on Thursday to boost the region's flagging economy.
"Any sense at all that the ECB disappoints, you will see the markets correct rather harshly," said Ken Polcari, Director of the NYSE floor division at O'Neil Securities in New York.
Read more Click Here / www.trade4x.net
No comments:
Post a Comment