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World markets mixed ... Oil prices fall ... Boeing consolidation



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SEOUL, South Korea (AP) — Global stock markets were mixed today as investors awaited more policy details from U.S. president-elect Donald Trump. Oil prices retreated, snapping an overnight rally. Futures are signaling a tepid start on Wall Street with Dow futures down 0.1 percent and S&P futures also dipping 0.1 percent.

NEW YORK (AP) — Oil prices rallied overnight on hopes that OPEC members would agree to lower output when they meet later this month. They wavered between gains and losses before turning lower again. Benchmark U.S. crude fell 41 cents to $45.40 per barrel in electronic trading on the New York Mercantile Exchange.

WASHINGTON (AP) — The government reports today on producer prices for October. The Federal Reserve reports on U.S. industrial production for October. The National Association of Home Builders will report on homebuilder sentiment for November. The Treasury Department will issue a report on foreign holdings of U.S. Treasury securities in September.

LONDON (AP) — Official figures show Britain's unemployment rate at an 11-year low despite signs of slowing employment growth. The Office of National Statistics reported that the unemployment rate fell 0.1 percentage people in the quarter through September to 4.8 percent, its lowest rate since the same period in 2005. It said 1.6 million people were out of work, down 37,000.

ST. LOUIS (AP) — Boeing Co. plans to move about 2,500 positions to other sites, cut 500 jobs, and close two facilities by the end of 2020 as part of an effort to operate its Defense, Space & Security business more efficiently. The company said it also will align Boeing Defence Australia, Boeing Defense Saudi Arabia, and Boeing Defence United Kingdom into a new global operations group.

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The Associated Press

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