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Wednesday Morning Business Brief

September 12, 2012, 5:47 AM

Wednesday Morning Business Brief

Blue chip stocks set the pace in the latest session on Wall Street. The Dow added 69 points to 13,323. The S&P was up 4, while the Nasdaq only gained half a-point. Futures trading suggests gains at today's opening.

  • International stock markets rose today, registering approval of a German court ruling that backs the country's participation in a bailout fund created to prevent the weakest euro economies from going bust. Benchmark crude oil rose above $97.60 per barrel. The dollar fell against the euro but rose against the yen.
  • The Federal Reserve today begins a two-day policy setting session. Many analysts believe it will announce some new moves aimed at boosting the economy.
  • A taxpayer-backed fund deemed crucial to solving the eurozone's debt crisis has been upheld by Germany's high court. The court today rejected calls to block Europe's permanent rescue fund - paving the way for its ratification by the country's president.
  • Apple has an event scheduled in San Francisco today. It is widely expected to unveil the iPhone 5.

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