Search treading water before Europe meet

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Peter Andersen, Congress asset management of Senior VP, explains the importance of honest with your portfolio Adviser, to get the most profit from the stock market.

Shares closed Wednesday little changed, with investors reserved to big bets before a crucial meeting of the European Central Bank, to make the new policies, the debt crisis in the euro zone contain help could announce.

Stocks seesawed between positive and negative territory during the entire session, but in general kept constant on media report that a bond-buying would unveil European policy want to reduce crippling borrowing costs in the debt troubled euro-zone economies.

These reports offset a sell-off at FedEx Corp., the late Tuesday cut its first-quarter profit view of weakness of the world economy. The stock, which is displayed as a proxy for business activity, fell.

"FedEx only one company is one whose warning is indicative of the global economic downturn, what we do with that", said Leo Grohowski, chief information officer at BNY Mellon wealth management in New York.

Central Bank sources told of Reuters that the ECB was ready on seniority status on bonds to give the it buying under a new program, it will agree on Thursday at the Governing Council meeting.

Previously, Bloomberg reported that the ECB would unveil a unlimited, sterilized program of bond purchases with the broad support of its Council members. The ECB was expected that carefully given on the disclosure of the size of its bond-buying, opposition from Germany's Central Bank.

More details of the plan are of the ECB Chairman Mario Draghi to Thursday meet shown, but booked shows some analysts that the ECB may decide only after the Federal Constitutional Court rules on the region no new steps announce bailout funds on 12 September to wait.

"These reports help turn around the market despite FedEx, while some of the rhetoric from Europe was however positive, we must now see follow-through in actions," said also, who helps $171 billion in assets to monitor.

Shares received a boost, in the last few months on expectations that start ECB buying Spanish and Italian Government bonds to the pressure on the markets for government bonds of these countries would make it easier and that take on the Federal Reserve, new impetus is to prop up the economy. The S & P is about 7 percent since the beginning of June.

Nokia and Microsoft Corp. took the wraps from the most powerful Smartphone on Wednesday, but not investors the new Lumia impress in what the last big shot to win again may have been dominated a market from Apple, Samsung and Google.

U.S.-listed shares of Nokia fell while Microsoft was little changed.

Shares of Facebook Inc. had a rest of absolute depression, after the company promised not to sell, one almost to cover tax liability of $2 billion and said that it may take weeks earlier than planned, employees of money in their camps is move, nervous investors and its own staff as its stock price spirals after to calm down from its IPO price of $38.

Reuters contributed to this report.