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.
Facing Islamic State threat, Iraq digitizes national library These are the original chronicles of Iraq's rich and tumultuous history- and now librarians and academics in Baghdad are working feverishly to preserve what's left after thousands of documents were lost or damaged at the height of the U.S.-led invasion. Now, as Islamic State militants set out to destroy Iraq's history and culture, including irreplaceable...
Source: The Associated Press
| By: By VIVIAN SALAMA, Associated Press
European stocks open lower; data, oil weigh European equities opened lower on Tuesday after disappointing U.S. data and slipping commodity price and energy stocks dented sentiment on Wall Street and in Asia.
China's yuan stays flat as central bank signals stability SHANGHAI, Aug 4- China's yuan was flat against the dollar on Tuesday after the central bank set the official guidance rate almost unchanged, sending a message that monetary authorities wish to see the currency steady for the moment, traders said. China's economy is slowing, exerting downward pressure on the yuan. In a related development, China's Ministry of...
Bull run in iron ore? Not really Asian spot iron ore does meet the technical definition of being in a bull market but the fact remains that it is 25.7% down so far this year.
| By: Clyde Russell
China stocks rise at market open SHANGHAI, Aug 4- China major stock indexes opened up on Tuesday. China CSI300 stock index futures for August rose 1.5 percent, to 3,673, 163.67 points below the current value of the underlying index. The Hang Seng index in Hong Kong was unchanged at 24,418.56 points.