Australian and Japanese stock futures decline as Draghi disappoints

Source: Bloomberg
Australian and Japanese stock futures declined after the ECB President Mario Draghi failed to convince investors on decisive actions to prop up growth. Increasing Spanish borrowing costs escalated concern over the Eurozone debt crisis as well. Futures on Nikkei 225 Stock Average closed at 8,565 down from 8,630, while futures on S&P/ASX 200 Index lost 0.7%.
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Fri, 03 Aug 2012 07:19:00 GMT

Oil recovers before the U.S. jobs report

Oil recovered from the lowest level in almost 3 weeks before job creation report, which might show increased hiring in the US. Analysts expect employers to add 100 000 work places in July. Oil futures gained as much as 0.5%, with Brent crude for September delivery rising 0.3% or 28 cents to $106.18 per barrel. 

Fri, 03 Aug 2012 15:55:10 GMT

Wall Street slumped on Draghi's comments

Wall Street fell on Thursday as the ECB announced no plan of action to address Eurozone's debt crisis. The Dow Jones Industrial Index dropped 0.7 per cent, to 12,886.52; the S&P 500 Index tumbled 0.7%, to 1,366.50, and the Nasdaq Composite declined by 0.1 per cent, to 2,917.17. Meanwhile, the ECB is planning to cooperate with governments in bond-purchasing program in order to stimulate Eurozone's economy,

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