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Market News


European Markets

Opening calls are indicating a flat open

Asian Markets

Asian stocks rose for a third day after data showed a global expansion in manufacturing and Nomura Holdings Inc.’s unexpected profit increase boosted financial shares. Asian currencies strengthened to a three-month high, while copper declined.

US Markets

U.S. stocks rose Wednesday, but closed off the highs of the day, on a combination of improved economic data and easing concerns about Europe’ debt crisis.

The Dow Jones industrial average rose 83 points, or 0.6%, to end at 12,716. The S&P 500 gained 12 points, or 0.9%, to 1,324. The Nasdaq rose 34 points, or 1.2%, to 2,848.

Events Today

In Europe, Greece continues its talks with its private-sector creditors with reports suggesting that a deal could see creditors receive new bonds worth half the face value of their existing bonds.

Both Spain and France will hold bond auctions on Thursday with Spain expected to tender between 4 and 5 billion euros of 3, 4 and 5 year bonds at 9.30am GMT followed by France’s bond sale of between 6.5 and 8.5 billion euros of longer-dated bonds at 9.50am GMT.

German Chancellor Angela Merkel is in China with talks expected to take place with both the Chinese president Hu Jintao and Premier Wen Jiabao.