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TOKYO (AP) — International stock markets are mostly higher today, as investors awaited the release of U.S. housing, inflation and manufacturing data this week. Futures point to gains on Wall Street this morning. Benchmark U.S. crude oil rose to just under $45 a barrel. The dollar weakened against the euro and the yen.
WASHINGTON (AP) — There are two economic reports of interest due out today. The National Association of Home Builders will issue its housing market index for August and the Treasury Department will release the international money flows data for June.
BEIJING (AP) — China will propose a joint initiative to revive weak global growth at next month's meeting of leaders of Group of 20 major economies amid rising protectionist sentiment in the United States and Europe. Speaking at a news conference, a senior Chinese diplomat made clear Beijing wants the Sept. 4-5 meeting to avoid political issues such as its territorial disputes with its neighbors in the South China Sea.
TOKYO (AP) — Japan's economy barely grew in the April-June quarter, as weaker exports and business investment weighed on the faltering recovery. Growth for the world's third-largest economy was flat on a quarterly basis, adding to pressure on the Bank of Japan to take further action to stimulate slack corporate spending. The economy expanded at a 0.2 percent annual pace in the last quarter, compared with a revised 0.8 percent rate in January-March period. Economists had forecast that it would maintain or even slightly better that pace.
SEATTLE (AP) — Jury selection begins today in a federal courtroom in Seattle where an alleged Russian hacker faces multiple charges over about $170 million in fraudulent credit card purchases. Prosecutors describe Roman Seleznev as a master hacker. He allegedly hacked into U.S. businesses, mostly pizza restaurants in Washington state, stole credit card information and sold it on underground internet forums.
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