Tuesday, September 4, 2012

Europe’s debt, U.S. jobs and retail in focus

Indications: U.S. stock futures lower as investors eye Europe

U.S. stock futures pointed to a lower start for Wall Street amid renewed worries about Europe as bond yields continued to rise in Spain and Italy. The futures trimmed the losses in the wake of weekly U.S. jobless-claims data. And many U.S. retailers reported their March sales on Thursday.

Read Indications

U.S. jobless claims fall slightly to 357,000

Easter�s spring blessing for retailers� March

Europe Markets: Europe stocks turn lower; bond yields surge

European stock markets erased gains on Thursday, as losses for banks and an unexpected drop in U.K. manufacturing production weighed on sentiment, while Spanish and Italian debt yields continued to rise.

Read Europe Markets report

FTSE 100 slips after U.K. production data

Bank of England stands pat on rates

Asia Markets: Hong Kong leads most Asian markets lower

Chinese banks tumbled in Hong Kong on Thursday, providing an extra weight for a region already pressured by signs of more debt trouble in Europe and U.S. stock losses.

Read Asia Markets roundup

Templeton�s Mobius: Thai stocks still cheap

Currencies: Weaker euro tests Swiss National Bank�s resolve

The euro fell versus most major rivals Thursday amid renewed sovereign-debt worries, appearing to break through a trading floor of 1.20 Swiss francs set by the Swiss National Bank last September.

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