US Futures Gain As IMF Calls For Stimulus Amid Reduced Global Growth Prospects, Raises US Outlook

U.S. stock futures rose Tuesday in the wake the International Monetary Fund’s upbeat view on the U.S. economy and as the body simultaneously called for “accommodative” central banks policies to help the global economy.

In its World Economic Outlook, the IMF lowered the global growth outlook by 0.3 percentage points for both 2015 and 2016 to 3.5% and 3.7%, respectively.

“Monetary policy must then stay accommodative to prevent real interest rates from rising, including through other means if policy rates cannot be reduced further,” the IMF said in its report.

For the U.S,, the growth outlook was raised by 0.5 percentage points to 3.6% for 2015 and by 0.3 percentage points to 3.3% for 2016.

In equities, Morgan Stanley ( MS ) shares fell 2.1% before the market opened after reporting Q4 revenue below analysts’ expectations. Delta Air Lines ( DAL ) rose 2.5% as Q4 earnings topped views and as it said lower fuel prices will help drive double-digit growth in 2015.

S&P Futures

spfutures.org@imediaone.com

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