The Asian markets, however, are trading mostly lower, following hawkish comments from a Fed official that interest rate increases should come sooner rather than later. Investors are pondering the outlook for the world's largest economy following a recent spate of data painting a mixture picture of the economy.
The US economic calendar remains relatively quiet today, with investors awaiting a revised report from
Another report from Gfk showed that British consumer morale rose to its highest level in nine years. The consumer confidence index rose to +1, up from 0 in May.
The number of registered unemployed in
In corporate news,
The major European markets drifted lower on Thursday after
US stocks edged down but closed well off their day's lows to end almost on a flat note overnight, as investors digested mixed personal spending and initial jobless claims data and disappointing corporate earnings news. Investors also digested comments from a top Federal Reserve official that interest rates may rise sooner than anticipated.
Most Popular Stories
- Rackspace Ends Talks About Possible Acquisition
- Mercedes Rolls Out S550 Plug-in Hybrid
- Missouri GM Plant Adding 750 jobs
- Poverty Rate Drops for First Time Since 2006
- Aaron Hernandez: I Felt Helpless to Refuse Police
- Cedeno Named USHCC Businessman of the Year
- Parameters Being Drawn for IS Action
- Anheuser-Busch, Visa Voice NFL Disapproval
- Can Kobach Keep Taylor's Name on Ballot?
- Two-thirds of Hispanics Doubt Media Accuracy