SEOUL, South Korea (AP) — International stock markets were mostly higher today on strong U.S. jobs data but some Asian markets were lower as investors looked to the U.S. Federal Reserve for signs of when it might raise interest rates. Futures point to positive results as Wall Street opens the trading week. Benchmark U.S. crude oil rebounded to $90 a barrel. The dollar lost ground to the yen and the euro.
WASHINGTON (AP) — Investors won’t have any major government reports to look at today. But tomorrow, the Labor Department issues its job openings and labor turnover survey for August. And the Federal Reserve will release consumer credit data for August.
BANGKOK (AP) — The World Bank trimmed this year’s growth forecast for developing East Asian economies today and urged governments to improve conditions for investment and exports. The Washington-based bank says economies in the region that includes China and Southeast Asia should grow by 6.9 percent. That’s down from a forecast of 7.1 percent in April but still gives the region the world’s fastest growth.
LONDON (AP) — Consulting firm EY says the global appetite for big business deals is getting healthy again. The year has been awash with multi-billion dollar deals. The consultant’s biannual Global Capital confidence barometer finds the number and value of mergers and acquisitions looks set to return to pre-crisis levels over the coming 12 months.
ATHENS, Greece (AP) — Greece’s finance ministry says the economy is on track to emerge from a six-year recession this year and grow by 2.9 percent in 2015. The cloud in the silver lining is that Athens expects unemployment in the bailed-out country to remain high. The conservative coalition government is hoping to begin easing austerity measures and stringent inspections by bailout creditors.
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