US STOCKS-Wall St pares losses after IMF urges delay in rate hike

jueves 4 de junio de 2015 10:24 GYT
 

* Weekly jobless claims fall to 276,000 vs est 279,000

* U.S. productivity falls at 3.1 pct vs est 1.9 pct fall

* T-mobile, Dish rise on reports of merger

* Indexes down: Dow 0.02 pct, S&P 0.12 pct, Nasdaq 0.07 pct (Updates to open)

By Tanya Agrawal

June 4 (Reuters) - U.S. stocks rebounded after the International Monetary Fund warned that the U.S. Federal Reserve should delay a rate hike until the first half of 2016.

Wall Street was pressured earlier in the day due to a persistent selloff in the global bond market and a sharp fall in U.S. nonfarm productivity in the first quarter.

"Based on the mission's macroeconomic forecast, and barring upside surprises to growth and inflation, this would put lift-off into the first half of 2016," IMF said, adding that rates should not be raised until there are signs of a pickup in wages and inflation.

Nonfarm productivity fell at a 3.1 percent annual rate instead of the previously reported 1.9 percent pace, leading to a jump in labor-related production costs. This was the first back-to-back fall in productivity since 2006.   Continuación...