US STOCKS-Futures lower as investors shy away from risk

martes 9 de febrero de 2016 08:17 GYT
 

* Futures down: Dow 68 pts, S&P 8 pts, Nasdaq 18 pts

By Aastha Agnihotri

Feb 9 (Reuters) - U.S. stock index futures were lower on Tuesday, as cautious investors doubled down on safer assets amid increasing concerns of a sustained slowdown in global economic growth.

* Gold prices steadied near seven-month highs, while yields on Japan's 10-year government bond slipped into negative territory for the first time ever on Tuesday.

* Global markets were lower, led by a fall in European bank stocks. Chinese markets are closed through the week for the Lunar New Year.

* "There is a high probability of a further correction in equity prices, led by banking and energy stocks," said Lorne Baring, managing director of B Capital Wealth Management, adding that looming defaults in the energy sector would hurt banks.

* Wall Street fell on Monday, after a late rally in energy stocks failed to stem the selloff in the financial sector.

* "Investors should be concerned that the behavior was similar to January's when macro trends dominated and late day short squeezes prevented the type of liquidation selling necessary for a sustainable low," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.

* U.S. stock indexes have failed to sustain several attempts at rallies this year.   Continuación...