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Market News


European Markets

Opening calls are indicating a flat open this morning.

Asian Markets

Stocks are trading flat in Asia in te current session.

US Markets

Stocks took a nosedive in the final hour of trading Wednesday, when investors got spooked by a Fitch report that outlined U.S. banks’ exposure to contagion from European sovereign debt.

The Dow Jones industrial average dropped 191 points, or 1.6%; the S&P 500 lost 21 points, or 1.7%; and the Nasdaq composite fell 47 points, or 1.7%.

Events Today

The Spanish Treasury will attempt to sell between 3 billion and 4 billion euros worth of ten year bonds on Thursday.

Key earnings out of Europe include interim results from brewer SAB Miller and tech firm Investec as well as third quarter statements from energy firm Centrica and Glencore.

The National Grid is also set to announce half year results on Thursday.

Economic data to watch includes EU construction output at 10:00 London time and the ZEW indicator of economic sentiment for Switzerland, also out at 10:00.