Earnings, Chinese RRR Cut May Lead to Fight Back By Markets
The major U.S. index futures are pointing to a higher opening on Monday, with sentiment suggesting moderate upside. Positive domestic earnings and the decision by the Chinese central bank to lower reserve requirement ratio by a full percentage point, freeing up finances for lending could offer support to the markets, which experienced a setback last week in the wake of some negative economic data. That said, the pull back in oil prices, the still slippery economic momentum and the Greek debt risks could serve to limit any potential upside.
4/20/2015 4:27:56 PM Following the sell-off seen in the previous session, stocks showed a strong move back to the upside during trading on Monday. With the gains, the major averages nearly offset last Friday's losses, although they remain below their recent highs.