Goldman Moves to Keep Shrinking Main Street Business The Wall Street firm, which posted a drop in quarterly profit, sold part of the portfolio of Marcus personal loans and put the rest up for sale.
Bank of America beats profit targets and sees . | 12:16am
MARKET WRAPS Watch For: EU harmonized CPI, construction output, euro area balance of payments, ECB governing council non-monetary policy meeting; Italy balance of payments; UK PPI, CPI, house price index; trading updates from L'Oreal, Tod's, Ba. | 12:16am
EMEA Morning Briefing: Market Weighs Outlook for Earnings, Interest Rates morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Obscure Lender Helps Shore Up Bank Balance Sheets; Consumers in China Resume Spending By James Christie Good day. Eleven government-sponsored home-loan banks have drawn scrutiny in recent weeks because Silicon Valley Bank, Signature Bank and Silver. | 07:16am
Provided by Dow Jones MARKET WRAPS Watch For: EU Unemployment; EU Flash Estimate euro area inflation; EU Preliminary Flash Estimate GDP; EU bank stress test results published; updates from IAG, Renault, Hermes, EssilorLuxottica, Air France-KLM, BNP Paribas, Eni, Swiss Re, Unicredit, Pearson, NatWest. Opening Call: European stocks could open lower. Dollar weakens. Long-term Treasury yields rose. Oil down and gold is flat. Equities: European stocks are set to open lower Friday after major U.S. stock indexes rose Thursday, despite new data suggesting the economic recovery has started to slow. The market gains followed data showing gross domestic product grew by 6.5% on an annualized basis in the second quarter, up slightly from earlier in the year. Meanwhile, jobless claims, a proxy for layoffs, came in at 400,000, resuming their downward trajectory.