US STOCKS-Wall St set to open lower on global growth fears

jueves 7 de abril de 2016 08:56 GYT

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By Abhiram Nandakumar

April 7 (Reuters) - Wall Street was set to open lower on Thursday as investors worried about weak global growth and the uncertainty surrounding the Federal Reserve's plans to hike interest rates this year.

Minutes from the Fed's March meeting released on Wednesday pointed to concerns about the central bank's limited ability to tackle a global economic slowdown, reducing the odds of a rate increase before June.

While the Fed has projected two rate increases this year, the market is pricing in a near 60-percent chance of a hike in December, according to CME Group's FedWatch Program.

The central bank's caution put pressure on the dollar as investors sought safety in the yen.

"I suspect that what we're seeing here is a little market jitters due to the fact that the dollar continues to weaken," said Peter Cardillo, chief market economist at First Standard Financial in New York.   Continuación...