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Bloomberg (04/9)
-- Asian stock-index futures fell and crude oil held its advance on
concern the U.S. is moving closer to a military strike against Syria.
The dollar traded near a six-week high versus the yen as growth in
American factory output stoked speculation the U.S. will cut stimulus
this month.
Nikkei
225 Stock Average futures fell 1.4 percent by 3 a.m. in Osaka and were
at 13,885 in Chicago after closing at 13,990 in Japan yesterday.
Australian index futures lost 0.7 percent, while Standard & Poor’s
500 Index contracts slipped 0.1 percent after the index rose 0.4
percent. West Texas Intermediate oil was little changed at $108.53 a
barrel, after yesterday’s 0.8 percent gain. The dollar was steady at
99.63 yen. A gauge of Indian stocks in New York fell to a 13-month low.
U.S.
House of Representatives Speaker John Boehner backed President Barack
Obama’s call for action against Syria, urging colleagues to authorize a
military strike. Boehner’s support pared gains in American stocks, which
rallied after the Institute for Supply Management’s manufacturing index
rose to the strongest level since June 2011. Australia will probably
report today that economic growth slowed in the second quarter. China’s
President Xi Jinping said yesterday that the government was consciously
slowing expansion to adjust the economy.
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