NEW YORK (CNNMoney) ? It?s expected to be another day of cautious trading for U.S. stocks, as investors await any possible stimulus announcements by U.S. and European central bankers later this week.
U.S. stock futures?were only slightly higher Tuesday.
A handful of economic reports are on tap for the morning, including key readings on consumer confidence, spending and income.
But investors are waiting for central bank meetings in the United States and Europe this week, when they?ll find out whether the U.S. Federal Reserve and the European Central Bank will take new stimulus measures to boost the economy.
The Fed?s two-day meeting culminates in an announcement Wednesday afternoon. The ECB will take center stage Thursday with its Governing Council meeting in Frankfurt.
All three indexes?closed slightly lower Monday, with the?Dow Jones Industrial Average?and the?S&P 500?ending nearly flat, as investors held off on making big bets before the meetings.
Heading into Tuesday, the final day of July, all three indexes are poised for mild gains for the month. The Dow is on track for a 1.5% uptick, and the S&P 500 is set for a 1.7% increase. The Nasdaq is on pace for a 0.4% rise. Continue Reading?
Source: http://www.ljinvestmentresearch.com/investing/stocks-investors-await-central-bank-meetings/
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