Wall Street on edge after oil rout, tech in focus U.S. stock index futures pointed to a lower open on Tuesday following a sharp 5 percent drop in oil prices seen overnight, as investors gear up for employment data later due later in the week.
| By: Jenny Cosgrave
Earnings-day blues drags UK shares down *FTSE 100 down 0.5 pct, in line with Europe. *Travis Perkins, Standard Life down after results. The FTSE 100 index was down 0.4 percent at 0804 GMT, broadly in line with peers across Europe, though it has so far this year underperformed the region as a commodities sell-off and worries over China demand weigh on London- listed mining and energy shares.
Nikkei ticks down, Apple suppliers underperform TOKYO, Aug 4- Japan's Nikkei share average edged down on Tuesday on weakness in manufacturing activity in China and the United States, prompting investors to rotate out of cyclicals to defensive stocks such as drugmakers. Suppliers to Apple Inc tumbled as the tech giant's shares hit six-month lows, continuing a downward trend in place since its earnings two...
Nikkei edges down on China manufacturing data, Apple suppliers underperform *Soft U.S. and China data keeps sentiment cautious. TOKYO, Aug 4- Japan's Nikkei share average edged down on Tuesday on soft manufacturing data from China and the United States, prompting investors to rotate out of cyclical shares to defensive shares such as drugmakers. Manufacturing conditions in China deteriorated to their worst in two years in July, data...
| By: Hideyuki Sano
Samsung glamour days over as it fights to save mobile market share SEOUL, Aug 4- For four years Samsung Electronics Co Ltd has basked in the success of its Galaxy smartphones, making billions of dollars competing with Apple Inc in the premium mobile market. The coming years are set to be more sombre for the South Korean tech giant, as it is forced to slash prices and accept lower margins at its mobile division in order to see off...
| By: Se Young Lee
Markets find new sources of angst There's no correlation between crude oil and the S&P 500 right now but there has been at times in the past, said John Kosar of Asbury Research.
| By: Patti Domm