Investors hope for rallies...International markets react to German news

Print
Email
|

Associated Press

Posted on February 15, 2013 at 7:02 AM

NEW YORK (AP) — Investors are hoping stock indexes will climb again on the last trading day of the week. A slowdown in Europe's economy overshadowed an encouraging report on the U.S. jobs market yesterday. The Dow Jones industrial average fell 9 ½ points to close at 13,973 on Thursday. The S&P 500 edged up 1 point. The Nasdaq composite rose nearly 2 points. Futures trading suggests Wall Street losses this morning.

BANGKOK (AP) — Disappointing news about Germany's economy sent international stock markets down today as investors turned their attention to a major economic conference this weekend. Benchmark crude oil fell to hover just above $97 per barrel. The dollar gained against the euro and fell against the yen.

WASHINGTON — There's not much in the way of economic reports today. But traders may find some market-moving information in the Federal Reserve's report on industrial production for January which will be released this morning.

NEW YORK (AP) — Warren Buffett and a fellow billionaire are out to get some ketchup, but not at the supermarket. They're buying Heinz, marking the food industry's biggest ever deal and yet another sign that the lifeless merger market is finally picking up. Globally, merger activity has been tepid since 2007 when there were $4.6 trillion in deals. Last year's total was $2.7 trillion.

NEW YORK (AP) — Airbus says it's switching to nickel-cadmium batteries from lithium-ion for its new A350 airplane because of uncertainty surrounding the technology that has led to the grounding of Boeing's 787. The A350 is designed to compete with the 787 and is expected to make its first flight around the middle of the year.

Print
Email
|