Investors are hoping the stock market continues its rebound today. Positive news on the U.S. economy outweighed worries about Syria yesterday. That sent the market higher for a second straight day. The Dow added 16 points, while the S&P 500 closed up three. The Nasdaq posted a bigger gain, rising 27 points. Wall Street looks set for a sluggish opening today, based on futures trading.
- International stock markets were subdued today after Japanese manufacturing undershot expectations and worries about Syria's civil war dampened investor spirits. Benchmark crude oil fell below $108 per barrel. The dollar fell against the euro and the yen.
- The government will release personal income and spending data for July today. Investors will also gain some insight into Europe's jobs picture today when they see the July unemployment figures for the eurozone and broader EU. Japan has also released data this morning that shows the country's economic recovery gained momentum in July.
- Europe's statistics office says the July unemployment rate across the 17 nations using the euro has remained steady at its record high of 12.1 percent but the jobless total decreased by 15,000. Eurostat says the number of unemployed in the eurozone was down to 19.23 million, marking the second consecutive fall since April 2011.
- Japan's economic recovery gained momentum in July as manufacturing accelerated and consumer prices rose for a second straight month, despite weaker household spending and retail sales. The data released today showed the consumer price index rose 0.7 percent in July from a year earlier, for the second straight month of gains. That suggests efforts to break free of years of demand-dampening deflation are progressing.
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