Stocks May Slide As Reining-in Measures Amid Uncertain Growth Trigger Concerns – RTTNews Daily Market Analysis
The major U.S. index futures are pointing to a lower opening on Tuesday, with sentiment taking a hit from lackluster results reported by aluminum giant Alcoa (AA). The less encouraging results should stir concerns of the profit recession continuing unabated. The Chinese central bank’s announcement of raising the reserve requirement, seen as a precursor for an interest rate hike, should come as dampener, even as traders debate over the sustainability of the recovery.
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