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Market News

European Markets

Opening calls are indicating a slightly higher opening.


Asian Markets

The Hang Seng is trading flat in the current session, and the Nikkei is trading lower.

US Markets

U.S. stocks recovered from earlier losses to end little changed Wednesday as concerns about Europe’ weak economy and debt crisis weighed on the market.

The Dow Jones industrial average lost 13 points, or 0.1%, to end at 12,449. The S&P 500 edged up less than 1 point to 1,292. The Nasdaq gained 8 points, or 0.3%, to 2,711.

Events Today

A 3 to 4 billion euro auction of Spanish 3-year bonds is scheduled for 9:30 GMT on Thursday and Italy will hold an auction of 12-month Treasury bills and flexible Treasury bills at 10:00 GMT. These auctions will bring two of the euro zone’ most indebted nations back into focus and investors are likely to view the tenders as a crucial test of confidence.

In Paris, credit rating agency Fitch will present its credit rating outlook for Europe at 6.45 UK time, while German Finance Minister Wolfgang Schaeuble meets his French counterpart Francois Baroin in Berlin on Wednesday afternoon.

IMF Chief Christine Lagarde will meet Hungarian minister Tamas Fellegi in Washington for an “informal” discussion on a possible aid request from the troubled eastern European nation.

Key corporate releases to watch on Thursday include final third quarter results from Europe’ largest sugar producer Südzucker, while British retailer Tesco is due to release a trading statement on Thursday.

The Bank of England will announce its latest interest rate decision at 12:00 UK time, followed by the European Central Bank at 12:45.

Source: CNBC