U.S. stock futures rose on Tuesday on the belief that the crisis over debt in Dubai will be mostly contained in the region as key data on manufacturing looms. See Indications for full pre-market coverage.
No. 1 office-supplies retailer Staples Inc. says third-quarter profit jumped 72% as North American retail customer traffic turned positive for the first time in nine quarters, helping to offset still weak demand for bigger-ticket items including furniture and business machines.
U.K. shares jumped on the first day of the month, with miners and banks leading broad gains for the country's main index as worries about Dubai's finances receded.
U.S. stock futures rise on Tuesday on the belief that the crisis over debt in Dubai will be mostly contained in the region as key data on manufacturing looms.
Oil futures rise above $78 a barrel on Tuesday, as worries over Dubai World’s debt woes ease and the dollar declines, boosting sentiment in the energy markets.
The U.S. dollar remains modestly higher versus the Japanese yen Tuesday after the Bank of Japan decided at an emergency meeting tomake available 10 trillion yen for short-term loans to commercial banks in an effort to fight off deflationary pressures.
Among the shares expected to see active trade in Tuesday's session are Abbott, Aegon, GE, Guess, Medicines Co., Microchip Technology, Protalix and Saks.
The Bank of Japan, at a special policy meeting called Tuesday, decided to take additional easing steps to maintain the country's fragile economic recovery amid deflationary pressures and a soaring currency.
Equities in Dubai and Abu Dhabi fall sharply for a second session on Tuesday, with investors continuing to worry about Dubai World’s debt troubles, even as the conglomerate said it’s holding constructive talks with its creditors.
