Financial Markets

Wednesday, February 28th
February 27, 2018
AP Newswatch
February 28, 2018
Financial Markets

 

Futures up slightly … Crude falls … Eurozone inflation falls
TOKYO (AP) – Global shares slid in subdued trading today after the head of the U.S. Federal Reserve said he’s feeling more optimistic about the economy. U.S. shares are set to drift to a recovery with Dow futures up 0.1 percent at 25,443. S&P 500 futures were also up 0.1 percent at 2,750.

 

NEW YORK (AP) – Benchmark U.S. crude slid 29 cents to $62.72 a barrel. It fell 90 cents to $63.01 per barrel Tuesday. Brent crude, the international standard, dropped 28 cents to $66.24 per barrel. The dollar rose to 107.18 yen from 106.99 late Tuesday.

 

BRUSSELS (AP) – Official figures show that inflation across the 19-country eurozone fell in February for the third month running even though the region is growing at its fastest rate in a decade. Eurostat says the headline measure of consumer price inflation eased to 1.2 percent in the year to February from 1.3 percent the year before.

 

CANBERRA, Australia (AP) – Australia has issued a compulsory recall for all 2.7 million cars fitted with defective Takata air bags. It’s an effort to lift the auto industry’s mixed efforts to fix the fault blamed for at least 23 deaths around the world. Takata’s air bag problem has resulted in 100 million recalls worldwide.

 

LONDON (AP) – The British arm of Toys R Us has gone into insolvency administration, putting 3,200 jobs at risk. The debt-burdened toy chain has 105 U.K. stores. Toys R Us has struggled in recent years, with its big warehouse-style stores losing business to online retailers. Its results over the crucial Christmas period were worse than expected.

AP-WF-02-28-18 1130GMT