U.S stocks closed higher on Wednesday but were down from earlier highs as energy stocks declined and Greece's debt crisis showed no clear signs of resolution. The benchmark S&P 500's energy sector was dragged down by the biggest slide in oil prices since April after traders were surprised by a report that showed US crude stockpiles rose for the first time in more than two months.
Euro zone central bank chiefs kept in place their cap on a funding lifeline to Greece, maintaining pressure as Greece's lenders run out of cash. The country's banks have been shut since Monday ahead of a Sunday referendum on the bailout package offered by its international lenders last week.
Finance Minister Yanis Varoufakis said Athens aims to secure a deal Monday and would be willing to accept "strict" conditions in a new bailout package, if the sustainability of Greece's debt is guaranteed.
Investor hopes for a Greek debt deal, which earlier had helped drive a rally, ebbed during the day, according to Michael Matousek, head trader at US Global Investors Inc in San Antonio.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com/
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
0 comments:
Post a Comment