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Thursday Morning Business Brief

December 13, 2012, 5:46 AM

Thursday Morning Business Brief

Stocks finished little changed in Wednesday trading on Wall Street. The Dow fell 3 points, while the S&P rose a fraction and the Nasdaq was down more than 8 points. Futures trading suggest a lackluster opening today.

  • International stock markets were mixed today as investors digested a move by the European Union to create a common banking authority and enthusiasm faded over the U.S. Federal Reserve's new bond-buying program. Benchmark crude oil fell but remained above $86 per barrel. The dollar fell against the euro and rose against the yen.
  • There's a full slate of releases on the economy due today. They include a look at November retail sales and producer prices.
  • The number of homes seized by banks reached a nine-month high in November. The foreclosure listing firm RealtyTrac says banks completed foreclosures on 11 percent more homes in November than they did the month before. But the number of homes just entering the foreclosure process dropped 13 percent over the same period.
  • Finance ministers from the 17 EU countries that use the euro currency meet today in Brussels to consider whether to hand over billions more to Greece, money the country needs if it's to avoid going bankrupt. The meeting comes just hours after finance ministers from the 27 countries in the European Union agreed to create a single supervisor for their banks, a key component of what many hope will eventually become a full-fledged banking union.

You can find more business news on the Back to Business page of KELOLAND.com.

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