Bank of England Asks for New Powers Over Housing

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

LONDON--The Bank of England Thursday asked the government for powerful new tools to curb real-estate lending, underscoring officials" concern over the potential risk to the U.K. economy from the housing market. The request, from the central bank's Financial Policy Committee, ...

Stock Futures Inch Up After Selloff

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Chris Dieterich U.S. stock futures inched higher on Thursday, showing calm after the previous day's sharp losses after an upbeat reading on weekly jobless claims. Futures on the Dow Jones Industrial Average rose four points, or 0.1%, to 16744, ...

Nedbank Buys 20% Share in Ecobank for $493.4 Million

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Ian Walker Nedbank Group Ltd. (NED.JO) said Thursday it's exercising its option to buy a 20% shareholding in Ecobank Transnational Inc. (ETIT.AB) for $493.4 million. The South African bank was offered rights to subscribe for the shares as part ...

CURRENCIES: Euro Turns Flat After ECB Press Conference

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Joseph Adinolfi, MarketWatch NEW YORK (MarketWatch) -- The euro inched up against the dollar only to surrender its gains afterward Thursday morning as European Central Bank President Mario Draghi spoke during a monthly press conference following the central bank's ...

CURRENCIES: Draghi Comments Give Euro A Boost

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Hiroyuki Kachi NEW YORK (MarketWatch) -- The euro inched up against the dollar and the pound Thursday morning as European Central Bank President Mario Draghi took questions during a press conference following the central bank's meeting in Naples, Italy ...

Dollar Falls Against Yen

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

The dollar fell against the yen in Asia trade Thursday, as fears over the global economy pushed down stock markets and prompted an adjustment of the greenback following the rapid gains of recent days. As of 0450 GMT, the dollar ...

ISM Manufacturing Index Slips From Previous Month

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Kathleen Madigan The U.S. factory sector's expansion slowed a bit in September from its breakneck pace in August, with manufacturers focused on boosting output with only modest hiring. The Institute for Supply Management said Wednesday its manufacturing index, based ...

Oil Subdued, Brent Crude Hovers Around $94/bbl

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Eric Yep Crude-oil futures remained subdued in Asian hours Thursday after dropping for two consecutive trading sessions and settling at their lowest level this year. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November ...

Australian Home-Building Approvals Rise Most Since May

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By James Glynn SYDNEY--The number of Australian home-building permits issued rose in August by 3% from July, government data showed Thursday, in the strongest month-to-month gain since May. Building approvals climbed 14.5% from a year earlier, the Australian Bureau of ...

Europe Stocks Stay on Downward Course--Update

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Tommy Stubbington European stocks continued to fall Thursday ahead of the European Central Bank's monthly policy announcement. The Stoxx Europe 600 was 0.8% lower midmorning, deepening Wednesday's 0.8% decline. The move was sparked by weaker-than-expected economic data in the ...

EUROPE MARKETS: European Stocks Fall; ECB Stimulus Details On Tap

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Carla Mozee, MarketWatch LONDON (MarketWatch) -- Stocks across Europe dropped Thursday, with investors waiting to hear from the European Central Bank about what it plans to do next to tackle low inflation levels and stagnating growth in the eurozone. ...

Brent Crude Falls Sharply

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

Oil prices dropped over 2.5% in European trade on Thursday morning as oil producers showed no signs of cutting back output despite the global glut. Brent crude oil--the benchmark for oil produced in the North Sea--was in free fall before ...

Correction to Jobless Claims Article Thursday

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

"U.S. Jobless Claims Fell 8K Last Week," at 8:30 a.m. ET, misstated the rate of growth for second-quarter gross domestic product in the sixth paragraph. It was 4.6%, not 4.2%. (END) Dow Jones Newswires October 02, 2014 09:18 ET (13:18 ...

Jobless Rate Expected to Hold at 6.1% -- Data Week Ahead

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

The following are forecasts for this week's remaining data from a survey compiled Friday and Monday. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Friday 0830 Nonfarm Payrolls Sep +215K (31) +142K 0830 Unemployment Rate Sep 6.1% (29) 6.1% 0830 Avg ...

CURRENCIES: Draghi Comments Give Euro A Boost

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Hiroyuki Kachi NEW YORK (MarketWatch) -- The euro inched up against the dollar and the pound Thursday morning as European Central Bank President Mario Draghi took questions during a press conference following the central bank's meeting in Naples, Italy ...

EUROPE MARKETS: European Stocks Fall As ECB's Draghi Talks Stimulus

TODAY: Oct. 2, 2014 PUB DATE: Oct. 2, 2014

By Carla Mozee, MarketWatch LONDON (MarketWatch) -- Stocks across Europe dropped Thursday, stuck in the red as European Central Bank President Mario Draghi talked about monetary policy as the bank faces pressure to ramp up stimulus efforts for the struggling ...

Dollar Crosses Y110 Line for 1st Time Since 2008

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Hiroyuki Kachi Driven by diverging monetary policy and economic conditions in the U.S. and Japan, the dollar continued to gain traction against the yen in Asian trade Wednesday, briefly crossing the Y110 threshold for the first time in over ...

Eurozone Manufacturing Activity Slower Than First Estimated in September

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Paul Hannon Activity in the eurozone's manufacturing sector slowed more sharply than first estimated in September, with Germany joining France in contraction, while Italy staged a surprise revival. Fresh signs that the currency area's economy remains mired in stagnation, ...

CURRENCIES: Crude Oil Rebounds Slightly After Overnight Slump

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Eric Yep Crude-oil futures rebounded modestly in Asian trading hours Wednesday after an overnight sell-off that pushed prices to their lowest in more than a year. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...