Monday, November 12, 2012

Greece, trade gap, commodities in focus

Indications: U.S. futures lower with Greece, data in focus

U.S. stock futures were pointing to a lower open for Wall Street, overshadowed by losses in Asia and Europe after euro-zone finance ministers postponed the release of fresh aid for Greece. Indications

Economic report

The U.S. December trade deficit widened to a six-month high, the Commerce Department said Friday, as imports rose. Economic report

Chinese imports tumble, as trade surplus grows

China�s trade surplus widened more than expected amid a sharp drop in imports, although analysts cautioned against alarm, saying the data may reflect holiday-related distortions rather than deterioration in the economy. Economic Report

Europe Markets: Greece, banks, weigh on European stocks

European stock markets turned lower, led by banks and resource stocks as euro-zone finance ministers held off on approving Greece�s second bailout. Europe Markets

London Markets: U.K. stocks fall amid uncertainty in Greece

British stocks pulled back as uncertainty over a deal on austerity measures in Greece weighed on investors. London Markets

Asia Markets: Asia markets fall amid Greek woes; China rises

Asia markets fell after Greece approved a long-awaited austerity agreement, but international backers called for ratification of the reforms before more bailout funds would be released. Asia Markets

Currencies: U.S. dollar edges higher against euro, sterling

The U.S. dollar edged higher, with markets shying away from risk after euro-zone ministers held off on approving funding for Greece. Currencies

Futures Movers: Crude oil drops after IEA cuts outlook

Crude-oil prices dropped as the dollar strengthened and weak U.S. stock indexes pointed toward a likely lower opening on Wall Street. The International Energy Agency also cut its outlook for global oil demand. Crude Futures

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