US STOCKS-Wall St climbs in wake of Swiss move as energy stocks gain
* Energy shares climb with crude bounce
* CPI falls in December
* Jefferies expresses rescue deal interest for FXCM
* Indexes up: Dow 0.27 pct, S&P 0.5 pct, Nasdaq 0.56 pct (Adds Umich data)
By Chuck Mikolajczak
NEW YORK, Jan 16 (Reuters) - U.S. stocks rose on Friday as energy stocks climbed and market participants continued to assess the ramifications for U.S. and other markets of Switzerland's move to scrap its currency cap.
Investors attempted to interpret the impact of the move by the Swiss National Bank. The decision could be seen as foreshadowing 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.
"It just shows structurally, the European Union has issues and there is a question of whether it can be saved because all these countries really act on their own, so there isn't a lot of union going on," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.
Shares of retail foreign exchange broker FXCM Inc, were halted after it said it may be in breach of regulatory capital requirements following client losses related to the Swiss move to ditch the cap on the Swiss franc's value. Two people familiar with the matter said Investment bank Jefferies has expressed interest in a rescue deal with FXCM. Continuación...