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Market News


European Markets

Opening calls are indicating a higher open this morning.

Asian Markets

 

Indices in Asia are trading lower.

US Markets

U.S. stocks ended mixed Thursday, as investors took a breather from the recent rallies and turned cautious after a lackluster earnings report from JPMorgan Chase.

The Dow Jones industrial average dropped 41 points, or 0.4%, and the S&P 500 fell 4 points, or 0.3%. Financials were among the big losers, as JPMorgan Chase and Bank of America dragged on the Dow with shares falling about 5%. Citigroup and Morgan Stanley also sank.

Events today

G20 finance ministers will meet in Paris on Friday and Saturday to finalize their economic reform agenda before the summit of leaders and heads of state next month, while French President Nicolas Sarkozy is due to meet with European Commission head Jose Manuel Barroso.

Silvio Berlusconi’ government will be hoping to survive a vote of no confidence in the Italian parliament on Friday which could potentially lead to the collapse of his government.

In Greece, a two-day transport strike continues on Friday, ahead of the beginning of an ‘occupation’ of the London Stock Exchange which is due to begin on Saturday and will see protesters set up a camp outside London Stock Exchange headquarters in the City of London.

Economic data out on Friday includes EU foreign trade and CPI figures for August at 10:00 London time.