German Retail Sales Slump in September

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

Retail sales in September fell 3.2% in calendar-and inflation-adjusted terms, compared with August, the Federal Statistics Office said Friday. That was a significantly bigger drop than the 0.8% decline economists had forecast in a Dow Jones Newswires survey. Also, retail ...

Sinopec to Buy Stake in Saudi Arabian Petrochemical Firm

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

HONG KONG--State-controlled China Petroleum & Chemical Corp., or Sinopec, said Thursday it agreed to acquire stake in a Saudi Arabian petrochemical company for $562 million to enhance its global network and international operation of the refining segment. The Beijing-based Sinopec ...

French Consumer Spending Drops in September

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

Consumer spending in the eurozone's second largest economy fell 0.8% in September from August as households spent less on clothing and leather goods, which showed the sharpest drop in spending since May 2012. Economists polled by The Wall Street Journal ...

Misguided Ebola Fear May Boost FedEx, UPS Shares -- Barron's

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Scott H. Fullman While politicians try to tamp down Ebola panic (or provoke just enough panic to help their election chances), Americans are worried an Ebola epidemic could spread across the nation. Fear of the virus is so high ...

U.S. Consumer Spending Drops

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

WASHINGTON--Americans cut spending last month for the first time since January, raising doubts about the economy's ability to maintain the summer's sturdy growth. Personal spending, reflecting what Americans pay for everything from haircuts to rent, fell 0.2% from August, the ...

Fed's Williams Says Central Banks Should Refocus on Inflation

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Patrick McGroarty PRETORIA---Reserve Bank of San Francisco President John Williams said Friday that central banks should start turning away from the extraordinary measures taken to spur growth in recent years and return to the narrower focus of controlling inflation. ...

Italy Preliminary CPI Up for First Time in Three Months

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

ROME--Italy's consumer price index rose in October for the first time in three months on a yearly basis, easing concerns about the risk of deflation, data from the statistics institute Istat said Friday. Italy's national inflation index rose 0.1% from ...

MARKET SNAPSHOT: U.S. Stocks: Dow Surges After BOJ Stimulus Surprise

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Barbara Kollmeyer and Anora Mahmudova, MarketWatch NEW YORK (MarketWatch) -- U.S. stocks looked set to open big on Friday. However, the early morning surge in stock futures, which implied hefty Halloween gains were in store, pulled back somewhat on ...

BOE Sets New Capital Standards for Biggest U.K. Banks

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Jason Douglas and Max Colchester LONDON--Britain's biggest banks will be subject to tougher new capital requirements from 2019 under plans announced on Friday by the Bank of England. The central bank's Financial Policy Committee said it proposes the U.K.'s ...

Reuters/Mich Final October Sentiment Edges Up to 86.9

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Cynthia Lin U.S. consumers are feeling their most optimistic about the economy since before the financial crisis, according to a survey of households released Friday. The Thomson-Reuters/University of Michigan final October sentiment index edged up to 86.9 from a ...

Consumer Spending Falls for First Time Since January--2nd Update

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Josh Mitchell WASHINGTON--Americans cut their spending in September after stepping up shopping in midsummer, a sign of consumer restraint that could limit the economy's growth in coming months. Overall household spending fell 0.2% last month from August, the first ...

BOJ Announces Massive Stimulus Move -2-

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

Under the pension fund's new allocation guidelines, Japanese stocks and foreign stocks will each take up 25% of the fund's holdings, up from 12% each previously. The fund intends to put 35% of its money in domestic bonds, down from ...

Brazil Admits Key Fiscal Target Not Achievable

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Paulo Trevisani And Jeffrey T. Lewis BRASILIA--Brazil's government admitted Friday it won't be able to hit a key fiscal target for 2014, on the same day it said September's budget figures were the worst ever, as it tries to ...

MARKET SNAPSHOT: S&P 500, Dow Close At Record Levels

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Barbara Kollmeyer and Anora Mahmudova, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market rallied on Friday, sending the S&P; 500 and Dow Jones Industrial Average into record territory, after a surprise stimulus plan from the Bank of Japan ...

CURRENCIES: Dollar Surges To Nearly Seven-year High Against Yen

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Ben Eisen, MarketWatch , Hiroyuki Kachi NEW YORK (MarketWatch) -- The U.S. dollar hit its highest level against the yen in nearly seven years on Friday, after the Bank of Japan unexpectedly announced new measures to spur Japanese growth. ...

Dollar Jumps Against Yen On BOJ's Suprising Easing

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Hiroyuki Kachi The dollar jumped against the yen in Asia trade Friday, hitting its highest level in nearly seven years after the Bank of Japan's unexpectedly moved to ease its monetary grip. As of 0530 GMT, the dollar soared ...

British Grow Less Confident in Economy, Data Show

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Jon Sindreu LONDON--The British people are growing less confident about the economy's prospects, two recent data releases show, despite the U.K. continuing to deliver better economic performance than many other big Western economies. Data released Friday by market-research firm ...