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Market News


European Markets

 

Opening calls are indicating a higher open this morning.

Asian Markets

The Nikkei average is trading higher in the current session.

US Markets

U.S. stocks rallied ahead of the close Wednesday, ending the day higher. Investors grew more optimistic that European leaders could be moving closer to a resolution of its debt crisis.

Developments in Europe, rather than economic data from the U.S., continue to dictate market movements. Still, investors got glimpses of better-than-expected readings on the state of the U.S. economy in reports released Wednesday morning.

Events this week

Thursday: The Labor Department’ closely-watched weekly initial jobless claims data comes out at 8:30 a.m. ET, with economists expecting claims to increase to a reading of 401,000 from last week’ 391,000 claims.

Friday: The week culminates with the Labor Department’ August jobs report, which will be released at 8:30 a.m. ET. Economists expect unemployment to stay steady at 9.1%. Payrolls are forecast to grow by 63,000 jobs in September. The economy added no new jobs in August.