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Market News

European Markets

Opening calls are indicating a lower open this morning.

Asian Markets

Stocks are trading lower in Asia in the current session.


US Markets

U.S. stocks fell sharply Thursday as jumpy investors dumped risky assets on fears of more debt trouble in the eurozone.

The Dow Jones industrial average was down 135 points, or 1.3%, to end at 11,770; the S&P 500 fell 21 points, or 1.7%, to 1,216; the Nasdaq composite sank 51 points, or 1.9%, to 2,588.


Events Today

In Brussels, EU finance officials will meet on Friday to discuss the next EU budget for 2012.

If an agreement is reached, the European Parliament and European Council have to formally approve it within 14 days.

British Prime Minister David Cameron will meet with German Chancellor Angela Merkel in Berlin on Friday, with a press conference scheduled for 12.45 London time.

Cameron has come under criticism from some within Angela Merkel’ CDU party who have accused him of acting solely in the interests of Britain at the expense of the wider European Union.

Economic data of note on Friday includes German PPI figures for October, out at 7:00 London time.

Italian industrial turnover for September is available from 9:00.