User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


78° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Monday Morning Business Brief

October 8, 2012, 5:32 AM

Monday Morning Business Brief

The Dow is sitting at its highest close since December 2007, ahead of this morning's opening bell on Wall Street. Both the Dow and S&P had their first positive weeks after two weeks of losses, both up more than 1 percent.

  • Bond markets are closed today for Columbus Day. But Wall Street will be open for business. With economic reports in short supply this week, some of the focus shifts to earnings season. Alcoa is to release quarterly numbers on Tuesday, the first of the Dow 30 members to report.
  • World stocks are down as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. European stocks fell in early trading, as did Asian markets. Britain's FTSE 100 nudged up slightly. Markets in Japan are closed for a public holiday.
  • Oil prices are down in Asia on multiple signs that the global economy continues to struggle. Benchmark crude for November delivery tumbled 1.7 percent to $88.37 per barrel by late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.
  • The World Bank is cutting its growth forecast for Asia. This year's growth outlook for developing Asia-Pacific economies was cut to 7.2 percent, down from its May forecast of 7.6 percent. Its forecast for China was cut to 7.7 percent from 8.2 percent. The bank warned China's cooling economy faces the risk of a "more pronounced slowdown."

Read more business stories on the Back To Business page of KELOLAND.com.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story
Dawley Farm Village Expands

7/25/2014 10:10 PM

If you don't live on the Sioux Falls east side, or haven't taken a drive over there lately, you may not have noticed all the new businesses.

Full Story | Watch
Sioux City Riverboat Casino Prepares For Last Day

7/30/2014 7:57 AM

The Argosy riverboat casino is preparing to take its last bets Wednesday, having told the Iowa Racing and Gaming Commission that it will close by 5 p....

Full Story


Events