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TOKYO (AP) — International stock markets were cheered today by a healthy U.S. jobs report that sent the S&P 500 to its biggest gain since early September. Futures point to U.S. shares drifting lower this morning. Benchmark U.S. crude oil fell but remains above $39.50 a barrel. The dollar gained against the yen and the euro.
WASHINGTON (AP) — The Federal Reserve will report consumer credit data for October this afternoon. Tomorrow, the Labor Department will release the job openings and labor turnover survey for October. And on Wednesday, the Commerce Department will report on October's wholesale trade inventories.
NEW YORK (AP) — Business economists say they expect the jobs market to keep improving next year, including wages. The National Association for Business Economics survey is slightly less bullish about economic growth next year, predicting 2.6 percent growth, down slightly from a 2.7 percent prediction in September.
BERLIN (AP) — Industrial production in Germany, Europe's biggest economy, edged higher in October after two months of declines but fell short of expectations. The Economy Ministry says that production rose 0.2 percent compared with September, a figure that was held down by lower energy production. That followed drops of 1.1 percent in September and 0.6 percent in August.
HONG KONG (AP) — Citic Securities Co., One of China's biggest securities companies says it can't contact its top two investment bankers after media reports said the pair might be under investigation. A financial news magazine reported Friday on its website that the two were taken away by authorities. The two are the latest executives to go missing from Citic as authorities deepen an investigation into the company following a spectacular rout on China's stock market over the summer.
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