US STOCKS-Wall St to dip at open on heels of Swiss move, data

viernes 16 de enero de 2015 10:12 GYT
 

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By Chuck Mikolajczak

NEW YORK, Jan 16 (Reuters) - U.S. stocks were set for a slightly lower open on Friday, following five straight days of losses for major indexes, as markets continue to absorb the shock of Switzerland's move to ditch its currency cap.

Investors struggled to interpret the impact of the move by the Swiss National Bank. The decision might be seen as a foreshadowing of a large stimulus move by the European Central Bank next week that would further weaken the euro, or as a safeguard against a possible Greek exit from the euro zone that could potentially destabilize the bloc.

"Most central banks have been really clear about how to telegraph their messages, particularly here in the U.S., so having a bank intentionally surprise caught everybody a little flat footed," said Dan Curtin, global investment specialist at JP Morgan Private Bank in Boston.

Shares of FXCM Inc, one of the biggest platforms catering to online and retail traders of currencies, tumbled 91.1 percent in premarket trading, after it said it may be in breach of some regulatory capital requirements after client losses related to the Swiss move to scrap the cap on the value of the Swiss franc.

Shares of Interactive Brokers, whose clients also are exposed to currency trades, were down 3.4 percent in premarket trading. The company said several customers suffered losses in excess of their deposit due to the sudden move in the Swiss franc. Gain Capital, down 6.4 percent, said its financial position remained sound after the franc move.   Continuación...