WEDNESDAY MORNING’S TOP STORIES
By MarketWatch
Indications: U.S. stock futures point to another drop
U.S. stock-market futures pointed to a sixth straight day of losses as investors awaited the Federal Reserve’s latest Beige Book summary of economic conditions.
See Indications for more U.S. market action.
Europe Markets: Bernanke, debt worries weigh on stocks
European stock markets fell sharply as investors reacted to a downbeat assessment of the U.S. economy by Fed Chairman Ben Bernanke, along with renewed worries that Greece may be forced to restructure its debt.
Read more on European stocks.
London Markets: Rio Tinto, BP weigh on stocks
London stock markets dropped as Rio Tinto PLC UK:RIO -0.89% RIO -1.04% and BP PLC UK:BP -0.48% BP -0.52% led resource stocks lower.
See more detail on the FTSE’s fall.
Asia Markets: Asia pressured after Bernanke comments
Asian stocks closed mostly lower as investors fretted about the possibility of more tightening moves from China.
Read more on Asian markets.
Currencies: Dollar rises as Bernanke undercuts risk appetite
The dollar rose against most major rivals after Bernanke late Tuesday offered no sign that the Fed is contemplating a third round of quantitative easing.
See more detail on the dollar’s gains.
Futures Movers: OPEC may raise output quotas; oil futures fall
Crude-oil futures fell below $99 a barrel in electronic trading, amid speculation that OPEC will raise output quotas at the cartel’s meeting in Vienna.
Read more on OPEC’s meeting.
