At 8:35 AM EDT:
S&P 500: -6.40; 1,402.00
NASDAQ 100: -14.25; 1,810.00
Dow: -54.00; 12,300.00
NIKKEI 225: -1.13%; 15,734.60 (-179.63)
HANG SENG: -0.03%; 19,260.30 (-5.02)
S&P/ASX 200: -0.24%; 5,453.60 (-13.30)
BSE SENSEX 30: +0.16%; 13,703.33 (+22.50)
FTSE 100: -0.92%; 6,083.80 (-56.20)
CAC 40: -1.05%; 5,368.01 (-56.85)
XETRA-DAX: -1.44%; 6,382.30 (-92.95)
Commodity Futures (Reuters/Jefferies CRB)
Oil: +1.06%; $59.87 (+$0.63)
Gold: +1.27%; $643.50 (+$8.10)
Natural Gas: +2.93%; $7.94 (+$0.23)
Silver: +2.85%; $13.605 (+$0.377)
Asian Headlines (via Bloomberg.com)
• Carlyle Group May Offer $5.4 Billion in Cash for Advanced Semiconductor Carlyle Group offered $5.7 billion for Advanced Semiconductor Engineering Inc., the world's largest chip packager, as demand for computer and mobile-phone components increases.
• Japan to Make `Large Reduction' in Bond Sales Next Year, Premier Abe Says Japan's Prime Minister Shinzo Abe said the government will make ``a large reduction'' in bond sales in the fiscal year that starts April 1.
• Ontario Teachers Buy Four Ports for $2.35 Billion From Orient Overseas Ontario Teachers' Pension Plan, Canada's third-biggest retirement-fund manager, agreed to buy four North American container terminals from Orient Overseas (International) Ltd. for $2.35 billion to tap rising sea cargo demand.
• Asian Shares Decline, Led by Mitsubishi UFJ, on Japan's Economic Outlook Asian stocks fell for the first time in four days, led by Mitsubishi UFJ Financial Group Inc., after Japan's government lowered its evaluation of the economy.
European Headlines (via Bloomberg.com)
• European Stocks Slump as Euro Gains Against Dollar; Daimler, Aegon Drop European stocks headed for the biggest drop in a month after the dollar slumped against the euro. DaimlerChrysler AG and Aegon NV led a slide by companies that rely most on the U.S. for sales.
• French Business Confidence Holds Near a Five-Year High as Oil Prices Fall French business confidence held near a five-year high in November after oil prices fell and unemployment declined.
• Technip Shares Jump After La Tribune Says Eni May Make a Takeover Approach Shares of Technip SA, Europe's second-largest oilfield-services provider, jumped after La Tribune reported Eni SpA may bid next week for the company, whose market value is 6.2 billion euros ($8.1 billion).
• ECB Shouldn't Raise Interest Rates as Euro Threatens Exports, Beres Says The European Central Bank is wrong to raise interest rates as the euro's climb above $1.30 threatens to hurt export growth, said Pervenche Beres, head of the European Parliament's economic and monetary committee.
U.S. Headlines (via Bloomberg.com)
• Dollar Drops to 19-Month Low Versus Euro on Prospect Fed Won't Raise Rates The dollar fell to its lowest in 19 months against the euro on speculation the Federal Reserve is done raising interest rates, while central banks in Europe will keep increasing them.
• Stock-Index Futures Tumble as Dollar Falls; General Electric, Intel Drop U.S. stock-index futures tumbled on speculation the dollar's decline to a 19-month low against the euro will spur inflation.
• Oil Climbs on Report Eni Will Not Be Able to Deliver Some Nigerian Crude Oil rose after a report that Eni SpA halted delivery of some Nigerian crude because of a militant attack and because traders said heating fuel demand will increase in the U.S.