Click for St. Louis, Missouri Forecast

// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

Online pharmacy:fesmag.com/tem

Have you a sex problem? Please visit our site:fesmag.com/medic

Site map
 
 
 
Thursday, 07 November 2013 03:50

World markets cautiously await key US data

   KUALA LUMPUR, Malaysia (AP) — Global stock markets were mostly weaker Thursday, with a cautious mood prevailing ahead of key U.S. data that will provide further clues on when the Federal Reserve will cut monetary stimulus.

   Major European benchmarks were muted in early trading. Britain's FTSE 100 fell 0.3 percent to 6,724.16 and France's CAC-40 added 0.1 percent to 4,290.43. Germany's DAX gained 0.1 percent to 9,047.30.

   Futures pointed to a weaker open on Wall Street where Twitter will start trading following an initial public offering that valued the social network at $18 billion. S&P 500 and Dow Jones futures were both down 0.1 percent.

   Stan Shamu, market strategist for IG in Melbourne, Australia, said investors are staying on the sidelines ahead of the release of the advance estimate of U.S. third quarter economic growth later Thursday and October jobs figures on Friday.

   Both reports could signal how much longer the Federal Reserve will continue its bond purchases at the current $85 billion a month rate. That program has held down interest rates, kept bond yields low and made stocks more attractive for investors.

   Market expectations are also growing that the European Central Bank and the Bank of England may disappoint and not cut interest rates at policy meetings Thursday to shore up a recovery from recession, he said.

   "With two central banks, a U.S. GDP and jobs report all due out, we were always bound to see some nervous trading," Shamu said.

   DBS Vickers in Hong Kong said in a market commentary that the ECB is likely to put off a rate cut amid a pick-up in production and confidence, but it may open the door for possible easing in December when it releases its quarterly economic projections,

   Earlier in Asia, Japan's Nikkei 225 shed 0.8 percent to 14,228.44 and Hong Kong's Hang Seng lost 0.7 percent at 22,881.03. China's Shanghai Composite fell 0.5 percent to 2,129.40 and Seoul's Kospi dropped 0.5 percent to 2004.04.

   Benchmark crude for December delivery was down 17 cents at $94.63 in electronic trading at the New York Mercantile Exchange. The contract rose $1.43 to close at $94.80 a barrel on Wednesday.

   The euro rose to $1.3520 from $1.3510 late Wednesday. The dollar was little changed at 98.68 yen.

Published in National News

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next

Missouri Criminal Code Subject To Overhaul

JEFFERSON CITY, Mo. (AP) - Missouri lawmakers are poised to send Gov. Jay Nixon legislation to overhaul the state's criminal laws. House Majority Leader John Diehl says the ...

Missouri House Will Debate Student Transfer Program

JEFFERSON CITY, Mo. (AP) - Missouri House members plan to advance legislation that seeks to address a student transfer law requiring unaccredited school systems to pay for stude...

Kraft Recalls Oscar Mayer Wieners

Kraft Foods is recalling approximately 96,000 pounds of Oscar Mayer Classic Wieners because the products may contain Classic Cheese Dogs in the Classic Wieners’ packages. Th...

Cards defense, bullpen falter in 3-2 loss to Nats

Cards defense, bullpen falter in 3-2 loss to Nats

  WASHINGTON (AP) -- The Cardinals managed to score twice against Stephen Strasburg while starter Shelby Miller kept the Nationals offense quiet. Nine outs away from ta...

Probe could complicate Rick Perry's prospect

Probe could complicate Rick Perry's prospect

  AUSTIN, Texas (AP) — Texas Gov. Rick Perry has spent a record 14 years in office vanquishing nearly all who dared confront him. But with eight months left on the ...

Star sea lion at the St. Louis Zoo has died

Star sea lion at the St. Louis Zoo has died

  ST. LOUIS (AP) — A star sea lion at the St. Louis Zoo has died. The St. Louis Post-Dispatch reports that Bennie the sea lion died Friday. He was 11. Zoo spoke...

Ride-sharing service hits snags in St. Louis

Ride-sharing service hits snags in St. Louis

  ST. LOUIS (AP) — A smartphone app-based ride-sharing service has started service in St. Louis, ignoring a cease and desist order from the city's taxi commission. ...

Missouri Republicans outline new gun proposal

Missouri Republicans outline new gun proposal

  JEFFERSON CITY, Mo. (AP) — Missouri Republicans have outlined a new approach to prevent federal agents from enforcing gun control laws the state considers to be infri...

© 2013 KTRS All Rights Reserved