US STOCKS-Futures lower over rate hike uncertainty

martes 5 de abril de 2016 07:28 GYT
 

* Futures down: Dow 115 pts, S&P 15.75 pts, Nasdaq 26 pts

By Yashaswini Swamynathan

April 5 (Reuters) - U.S. stock index futures were lower on Tuesday as oil dropped and comments by Federal Reserve officials further muddied the outlook for interest rate hikes.

* Presidents of the Chicago Fed Charles Evans and Boston Fed Eric Rosengren on Monday took an aggressive stance on monetary policy, citing the U.S. economy's capacity to absorb an increase in rates.

* Their comments were in contrast with Fed Chair Janet Yellen's cautious tone on rates last week, given an uncertain global economy.

* Traders have priced in only one hike in 2016, with an even chance of the central bank raising rates in June, according to the CME Group's FedWatch program.

* A barrage of U.S. economic data has shown that the economy was recovering at a modest pace, but was still vulnerable to risks from a slowdown overseas and lower oil prices.

* Crude fell about 1 percent, hovering near one-month lows, after data showed that U.S. gasoline demand unexpectedly fell and rising skepticism over a deal by top producers to help reduce a persistent global oversupply.

* Data on Tuesday is expected to show that the U.S. trade deficit widened to $46.2 billion in February from $45.7 billion the previous month. The data is due at 8:30 a.m. ET (1230 GMT).   Continuación...