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September 30, 2014 05:41 AM

Tuesday Morning Business Brief


European stock markets were higher today in early trading while Asian stocks were mixed after Wall Street declined and pro-democracy protests in Hong Kong, a major financial center, added to political risk worries. Futures point to some recovery at this morning's opening on Wall Street. Benchmark U.S. crude oil rose to inch closer to $95 a barrel. The dollar declined against the yen and was steady against the euro.

  • The Conference Board is scheduled to release the Consumer Confidence Index for September later this morning. In addition, Standard & Poor's will issue the S&P-Case-Shiller index of home prices and Walgreen will report its quarterly financial results before the market opens.
  • China's phone regulator says it has approved Apple's iPhone 6 for use on Chinese networks after the company promised never to allow other governments access to users' information. Apple says sales start Oct. 17. The Ministry of Industry and Information Technology's announcement reflected Chinese unease about widespread U.S. government eavesdropping.
  • Two supermarket companies - Supervalu and Albertsons - say their customers may be at risk in another hacking incident. The companies say that in late August or early September, malicious software was installed on networks that process credit and debit card transactions at some of their stores.
  • Inflation across the 18 countries that use the euro dipped further toward zero in September. That's likely to maintain pressure on the European Central Bank to back further stimulus measures. The EU's statistics office, Eurostat, says consumer prices in the eurozone rose only 0.3 percent in the year to September against the previous month's 0.4 percent. The fall was widely anticipated.
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