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BEIJING (AP) — Chinese stocks rebounded today while Europe and other Asian markets were moderately higher a day after a sell-off in China rattled global investors. Futures point to opening gains on Wall Street. Benchmark U.S. crude oil rose above $33.50 a barrel. The dollar gained against the yen and the euro.
WASHINGTON (AP) — There are three major economic reports due out today. The Labor Department will release last month's employment data. A FactSet survey forecasts 200,000 jobs crated and five percent unemployment. Also, the Commerce Department will report on wholesale trade inventories for November. The Federal Reserve will also release consumer credit data for November.
MANILA, Philippines (AP) — The Asian Development Bank president says he is optimistic China's economy will post healthy growth of 6.7 percent this year despite jitters over the yuan's (yoo-AHNZ') depreciation and a plunge in Chinese stocks. Takehiko Nakao says China's growth "is still very high" compared with other countries.
SAN FRANCISCO (AP) — France's economy minister is in northern California to talk up French tech to U.S. investors. Emmanuel Macron is an unabashed admirer of tech innovation and competitiveness, making him a controversial figure within a party where opponents fear he is pushing the country toward an American-style model that doesn't do enough to protect workers.
BERLIN (AP) — Industrial production in Germany declined by 0.3 percent in November. Figures published today by the Economy Ministry showed production compared with October was dragged down by a 3.3 percent drop in capital goods production. Germany saw an 0.5 percent rise in overall industrial production in October. Experts say it suggests that Chinese and emerging market slowdowns are having an impact.
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