US STOCKS-Futures tread higher as Brexit fears ebb

miércoles 29 de junio de 2016 07:37 GYT

* Futures up: Dow 104 pts, S&P 12.25 pts, Nasdaq 30.25 pts

By Yashaswini Swamynathan

June 29 (Reuters) - U.S. stock index futures were higher for a second day as the initial panic surrounding Britain's vote to leave the European Union settled and investors sought out bargains.

* The "Brexit" verdict on Friday sent shockwaves through global markets and wiped out about $3 trillion in a two-day selloff.

* Banks and technology stocks - worst hit since the referendum - were up on Wednesday for the second day.

* Wall Street closed higher on Tuesday as investors took stock of the impact of the vote on U.S. markets and strong data raised hopes of an economic recovery.

* Investors are now pinning hopes that central banks around the world will ease monetary policy to weather the storm as Britain and the EU chalk out the next steps for the country's exit from the trading bloc.

* The vote has shut every window of opportunity for an interest rate hike by the U.S. Federal Reserve this year. Traders have priced in a mere 17 percent chance of a hike as late as December.

* Investors will also keep an eye on data to assess when the Fed will be able to raise rates.   Continuación...