News / 

Muted markets...Employment, consumer credit data expected...Economists forecast upbeat jobs numbers



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

Seoul, South Korea (AP) — International stock markets were generally muted today with European shares lower in early trading as investors await monthly U.S. employment figures and the risk of a Greek default increases. Futures point to a positive opening on Wall Street. The price of oil extended gains with benchmark U.S. crude oil rising above $51 a barrel. The dollar fell against the yen and gained against the euro.

WASHINGTON (AP) — The Dow Jones industrial average is on track for its best week since 2011. Today, as Wall Street traders prepare to wind up the week, they'll be looking for more good news to continue the rally. Today, the Labor Department will release January's employment figures. Also, the Federal Reserve will issue a report on consumer credit data for December.

WASHINGTON (AP) — It appears January was another good employment month. Economists surveyed by FactSet say they believe the economy gained 230,000 jobs in January. They forecast the unemployment rate is expected to stay at a six-year low of 5.6 percent. The Labor Department releases the official government figures this morning.

BERLIN (AP) — Germany's industrial production rose slightly in December in another sign that the key sector is gaining steam. The Federal Statistical Office says that December production was up by 0.1 percent over November, despite a drop in construction and capital goods. Analysts suggest Europe's largest economy should gain more momentum in the coming months.

NEW YORK (AP) — Sprint is embarking on an occupy Radio Shack movement. Now that radio Shack has filed for bankruptcy protection, the latest plan for luring new Sprint subscribers is for the carrier to open mini-shops in as many as 1,750 of RadioShack's remaining stores. Overland Park, Kansas-based Sprint Corp. has been aggressively trying to draw subscribers from its bigger rivals, Verizon and AT&T. If approved, the deal would greatly expand Sprint's presence in front of U.S. shoppers.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast