Estimated read time: 1-2 minutes
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 Information in the story may be outdated or superseded by additional information.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.
TOKYO (AP) — Global stock markets sank almost across the board today as pessimism following a sustained weakness in oil prices and a dive on Wall Street prevailed over data showing economies on the mend. Asian markets closed down today, with the exception of the Shanghai Composite, which rebounded nearly 2.0 percent. In early trading, markets in France, Germany and Britain are down. But Wall Street is expected to open higher.
WASHINGTION (AP) — The stock market is looking for a little good news. Investors are hoping that unemployment claims were down last week. The Labor Department will report the latest weekly jobless claims number today. Also, Freddie Mac will release the weekly mortgage rates.
BERLIN (AP) — The German economy, Europe's biggest, grew by 1.7 percent in 2015. That's a slight improvement from the previous year that was fueled mainly by domestic demand.
SEOUL, South Korea (AP) — North Korea is criticizing organizers of this month's World Economic Forum in Davos, Switzerland for revoking an invitation to its delegation after North Korea conducted a nuclear test last week. The official Korean Central News Agency says a letter from the North's permanent representative to the U.N. to the WEF describes the forum's decision as a "very sinister act."
ALBANY, N.Y. (AP) — A leading business group says it remains "adamantly opposed" to New York Gov. Andrew Cuomo's proposal to raise the minimum wage to $15 an hour. Heather Briccetti, president and CEO of the Business Council of New York State, says such an increase would be particularly harmful to the upstate economy and could lead to fewer entry-level jobs overall.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
