Wednesday, June 20, 2012

Spain banks, global-growth prospects in focus

Wall Street�s looking like U.S. stocks will open steady to higher after least week�s selloff. Stocks in Spain and Italy rose on hopes for progress toward a plan to solve Spain�s banking woes. Japanese stocks touch their lowest in more than 20 years.

Indications: Stock futures point to flat Wall Street start

U.S. stock-index futures move flat to slightly higher, as hopes for a response to Spain�s banking crisis partly offset another round of lackluster Chinese survey data and worries over global growth prospects.

Read Indications

Europe Markets: Germany weakens as other benchmarks hold their own

German stocks prove a drag for European equities, with growth stocks such as autos lower on signs of economic slowdowns in China and the U.S., while banks gain on bailout hopes that rallying the Spanish and Italian indexes. London�s closed for a holiday.

Read Europe Markets

Asia Markets: Stocks skid after weak U.S. jobs data

Asian markets slumped overnight as a weak U.S. jobs report added to a growing list of investor worries about a fragile global economy, sending Japanese stocks to their lowest in more than two decades, while Hong Kong shares erased year-to-date gains.

Read Asia Markets

Currencies: Euro steadies, buoyed by talk of fiscal union

The euro stabilizes versus the dollar in quiet Monday trading, erasing an early loss on speculation that European leaders will inevitably move to strengthen fiscal union across the shared-currency region.

Read Currencies

The ECB�s seven phases and Draghi�s challenge: David Marsh

Metals: Gold futures hold gains in electronic trading

Gold futures hold steady following their biggest one-day advance since August in the June 1 session, amid investor risk-aversion and greater odds for further U.S. monetary easing by the Federal Reserve.

Read Metals Roundup

Corporates:

Acer, Asustek to launch Windows 8 products in October

Facebook considering products for kids: WSJ

Before the Bell is a free daily e-mailed newsletter. You can subscribe here.

No comments:

Post a Comment