By MarketWatch
Indications: U.S. stock futures slump on growth fears
U.S. stock index futures fall sharply as investors around the world dump equities on growth fears, with banks posting among the sharpest losses.
Read Indications.
Economic Report: July CPI up 0.5, jobless claims rise
The number of initial claims for unemployment benefits filed in the week ended Aug. 13. rose 9,000 to 408,000, the Labor Department reported Thursday. Economists had looked for claims to rise to 400,000. Separately, the Labor Department said the July consumer price index rose 0.5%, topping forecasts for a 0.4% increase. Core CPI, which strips out food and energy costs, rose 0.2% on the month, in line with forecasts.
Europe Markets: Banks lead big drop for European markets
European stocks fall heavily Thursday, with banks leading the losses as growth and sovereign-debt worries combine to drive selling.
Read Europe Markets.
London Markets: Xstrata, Barclays lead FTSE 100 down
Britain’s FTSE 100 equities index drops amid broad losses for mining and financial stocks.
Read London Markets.
Asia Markets: Asia stocks drop on global fears, exporters hit
Asian stocks fall as worries about the global economic outlook trump an appeal for inexpensive stock valuations after a recent recovery. A questionable global demand outlook hits exporters, with a strong yen also hitting firms with overseas exposure in Japan.
Read Asia Markets.
Currencies: U.S. dollar boosted by global growth jitters
Worries about prospects for global economic growth and fears of intervention by Japanese and Swiss authorities fuel safe-haven flows into the dollar.
Read Currencies.
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