US STOCKS-Wall St ends little changed as hope for ECB move increases

martes 20 de enero de 2015 17:15 GYT
 

* IMF lowers growth outlook for 2015 and 2016

* Oil falls on concerns of lower demand ahead

* FXCM plummets, details loan agreement

* Indexes up: Dow 0.02 pct, S&P off 0.15 pct, Nasdaq up 0.44 pct (Updates to the close of trading)

By Chuck Mikolajczak

NEW YORK, Jan 20 (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 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 on Thursday a program of bond buying to boost the region's flagging economy.   Continuación...