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Market News


European Markets

European markets are called to open flat this morning.

Asian Markets

Asian stocks rose from a one-year low, while gold declined for a second day as German and French leaders said they’re certain Greece will remain in the euro zone.

US Markets

Stocks ended sharply higher Wednesday following a choppy start, after key European leaders calmed jittery investors by insisting that Greece would remain a eurozone member and would achieve its fiscal targets.

Events this week

Thursday: The U.S. consumer price index is expected to show that prices rose 0.2% in August, after rising 0.5% the previous month. Economists expect consumer prices excluding food and energy to inch up 0.2%, matching July’ uptick.

The government’ weekly report on initial claims for jobless benefits is expected to drop to 410,000, from 414,000 the previous week.

The Empire Manufacturing survey is also due before the start of trading. The regional reading on manufacturing is forecast to have risen to negative 4 in September from negative 7.7 in August, according to consensus estimates from Briefing.com.

Government data on industrial production and capacity utilization for August are also due before the market opens.

Also out at 10 a.m. ET in the morning is the Philadelphia Fed index for September, a regional reading on manufacturing. The index is forecast to fall to negative 10, up from negative 30.7 the previous month.

BlackBerry maker Research in Motion is scheduled to report earnings after the markets close.

Friday: Shortly after the opening bell, the University of Michigan will put out its initial reading on consumer sentiment in September. Economists expect the figure to move slightly higher to 56.3 up from 55.7.