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U.S. Stock Futures Drop on Earnings Concern; Alcoa, Exxon Fall (Bloomberg) Jan. 7 (Bloomberg) -- U.S. stock-index futures fell as concern corporate earnings will slump overshadowed speculation President-elect Barack Obama ?s package of tax cuts and government spending will revive the economy. Stock futures signal dip (Reuters via Yahoo! News) Stock futures pointed to a lower open on Wall Street on Wednesday, on mounting worries over the impact of the recession on companies after Alcoa Inc said it will slash more than 15,000 jobs as it reduces aluminum production. Romanian Stock Index Falls 11% on Banca Transilvania, Transgaz (Bloomberg) Jan. 7 (Bloomberg) -- Romania?s benchmark stock index fell 11 percent, the most in three years, as Banca Transilvania SA resumed trade after a three-month halt. Transgaz SA slid as Russia?s OAO Gazprom cut off all shipments to Europe. European Bonds Advance as Stock Losses Spur Demand for Safety (Bloomberg) Jan. 7 (Bloomberg) -- European government notes advanced on signs inflation is slowing and as stock markets in the region declined, boosting demand for the safest assets. Romania?s Stock Index Drops as Banca Transilvania Resumes Trade (Bloomberg) Jan. 7 (Bloomberg) -- Romania?s benchmark stock index posted the biggest intraday drop in eight years as Banca Transilvania SA resumed trade after being halted since September. European Stock Futures Are Little Changed; Man Group May Fall (Bloomberg) Jan. 7 (Bloomberg) -- European stock-index futures were little changed, indicating the Dow Jones Stoxx 600 Index?s six- day rally may slow, on speculation deteriorating earnings will offset government efforts to revive the global economy. European Stock Futures Drop, Signal End to Stoxx 600?s Rally (Bloomberg) Jan. 7 (Bloomberg) -- European stock-index futures fell, indicating the Dow Jones Stoxx 600 Index may snap a six-day rally, on speculation deteriorating earnings will offset government efforts to revive the global economy. Aso Is Biggest Drag for Japan Stock Market, Nomura Survey Shows (Bloomberg) Jan. 7 (Bloomberg) -- Investors see Japanese Prime Minister Taro Aso ?s administration as the biggest negative for the nation?s stock market this year, a Nomura Securities Co. survey showed. Stock market ends day moderately higher (San Francisco Chronicle) Wall Street brushed off more bad economic news Tuesday to finish with a moderate advance that left broad stock indexes at their highest levels in two months. Stocks gained after stumbling in the early going because of mixed readings on the service sector,... Porsche out to buy more Volkswagen stock (Detroit News) After acquiring a majority stake in Volkswagen, sports car manufacturer Porsche said Tuesday that it still planned to raise its holding to 75%t, but would not rush to buy more stock. |
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