Sstock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 down 0.1 percent, Dow Jones futures down 0.12 percent and Nasdaq 100 futures up 0.03 percent at 0745 GMT.
Asian stocks recovered on Friday after three days of declines but investors remained nervous ahead of a closely-followed U S. job report amid concerns over the U.S. and global outlook.
World stocks closed out a dismal second quarter and the 10-year U.S. Treasury yield has fallen below 3 percent as European debt woes and growing fears of a double-dip recession on the back of grim economic data rolled financial markets.
Oil prices rebounded on Friday from 3-week lows, but were still far from reversing the biggest one-day drop in almost a month a day earlier, after a spate of weak manufacturing data reflected slower global economic growth.
Gold bounced from a 5-week low on Friday as weaker prices ignited buying by bargain hunters and jewelers, but investors were cautious ahead of the release of a U.S. employment report.
Investors shrugged off a small drop in ETF holdings, turning their attention to the June non-farm payrolls data which will set the tone for currencies and equities. Gold tumbled nearly 4 percent on Thursday as funds sold bullion to cover losses in other markets.
The dollar was on the back foot against the euro and slipped against the Aussie on Friday after a big euro short squeeze ahead of U.S. jobs data, while the yen lost ground all round as the squeeze spilled into Asian trade.
The dollar was on the back foot against the euro and slipped against the Aussie on Friday after a big euro short squeeze ahead of U.S. jobs data, while the yen lost ground all round as the squeeze spilled into Asian trade.
The euro rallied to a five-week high above $1.25 on Thursday, while the dollar fell broadly after disappointing data heightened worries the U.S. economic recovery is stalling.
Concerns about euro zone debt and liquidity problems eased further on Thursday after Spain successfully sold 3.5 billion euros of a five-year bond, adding to positive sentiment a day after European banks borrowed less money than expected from a European Central Bank tender.
Gold prices rebounded in Asian trade Friday mainly on bargain buying and euro's recovery against the dollar.
Gold for immediate delivery was seen trading at $ 1206.39 an ounce at 12.00 noon Singapore time while U.S. gold futures for August delivery was at $1,207.3 an ounce.
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The Bank of Japan is expected to revise up its economic forecast for the year to March 2011 at its next policy meeting on July 14-15, the Nikkei newspaper reported on Friday.
Google Inc plans to buy one of the Web's key providers of airline travel software for $700 million, potentially raising new antitrust concerns for the world's largest Internet search engine.
Sales of video game software and equipment in the United States fell 5 percent in May, industry tracker NPD said on Thursday, dragged down by sagging demand for game consoles.
A slightly lower than forecast 0.2% May Retail Sales result coupled with a 6.6% fall in Building Approvals for the same month saw the Aussie dollar momentarily dip below 0.8320 during yesterday's local session.
The AUD has opened slightly firmer today after it was announced the government and the mining industry had reached a deal on the new profits tax late yesterday.
Digital market research firm ComScore Inc acquired the products division of Nexius Inc, a provider of network analysis focused on the experience of wireless subscribers, to strengthen its product line-up targeted at wireless carriers.
Blockbuster Inc on Thursday said it plans to begin the process of delisting from the New York Stock Exchange, after shareholders rejected a proposed reverse stock split intended to keep its price at acceptable trading levels.
Google Inc has agreed to buy travel industry search-provider ITA Software for $700 million in cash, twinning its dominance in Internet search with ITA's widely used technology.
U.S. jobless numbers likely fell in June for the first time this year, a Reuters poll showed. The key monthly unemployment report will be released on Friday.
American International Group Inc Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds over a botched sale of the company's Asian life unit, have agreed to work out their differences, a source familiar with the situation said on Thursday.
New claims for U.S. jobless benefits unexpectedly rose last week, while growth in the manufacturing sector slowed in June, heightening fears the country's economic recovery was stalling.
The United States, seeking to modernize technology and reduce costs, is embracing cloud computing, but privacy and security issues need to be ironed out during a decade-long transition, U.S. officials said on Thursday.
Airbus and Boeing clashed over aid for the next generation of European passenger jets on Thursday, while details emerged on the battleground for possibly lengthy appeals following a major trade ruling on aircraft subsidies.
American International Group Inc Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds since a botched sale of the company's Asian life unit, will try to work out their differences, the Wall Street Journal reported on Thursday.
Big brokerages are working to boost banking and lending services to their clients, eager for new revenue to offset the squeeze from volatile markets and nervous clients clinging to low-margin bond and cash funds.
Goldman Sachs officials insisted demands for billions of dollars from insurer AIG ahead of a $182-billion government rescue package were based on legitimate market prices and denied gaming values for a massive payout.
Manufacturing growth cooled around the world in June, with China hitting its slowest pace in more than a year and growth in the United States and Europe also easing -- further evidence that the global economic recovery is moderating.
Stocks slipped on Thursday as manufacturing and other data suggested a slowing recovery, but shares were well off session lows as investors snapped up some beaten-down shares.
New claims for jobless benefits unexpectedly rose last week, while manufacturing activity slowed in June, heightening fears the country's economic recovery was stalling.
Whoever said it's all about the economy, stupid, got it only partially right. It is indeed all about the economy, or at least half of it is about the economy. The rest is about a country's national interest. Typically, nations act or react to situations involving one of the above-mentioned
The Treasury said on Thursday it has earned a gross profit of about $2 billion on sales of about one-third of its common stock holdings in Citigroup Inc as the government ramps up efforts to unwind bailout programs.
