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Mixed markets ... Crude falls ... Banking rule vote

October 25, 2017

SEOUL, South Korea (AP) — Global markets were mixed today while Japan’s benchmark snapped a record winning streak with its first loss in 17 straight trading sessions. Futures augured a weak start on Wall Street. S&P futures fell 0.2 percent to 2,562.60 while Dow futures shed 0.1 percent to 23,389.00.

NEW YORK (AP) — Benchmark U.S. crude shed 24 cents to $52.23 per barrel in electronic trading on New York Mercantile Exchange. The contract jumped 57 cents, or 1.1 percent, to $52.47 a barrel on Tuesday. Brent crude, used to price international oils, lost 17 cents to $58.16 per barrel in London. The dollar rose to 114.17 yen from 113.91 yen.

WASHINGTON (AP) — The Republican-led Senate has voted narrowly to repeal a banking rule that would let consumers band together to sue their bank or credit card company to resolve financial disputes. Vice President Mike Pence cast the final vote to break a 50-50 tie. The banking industry had been lobbying hard to roll back the regulation from the Consumer Financial Protection Bureau.

LONDON (AP) — Official figures show the British economy grew by slightly more than expected in the three months through September, making it more likely that the Bank of England might raise interest rates next month. The Office for National Statistics says the British economy grew by a quarterly 0.4 percent in the third quarter. Analysts had predicted a growth rate of 0.3 percent.

BERLIN (AP) — A closely watched survey shows German business optimism hit a new record high in October, buoyed by a strong economy. The Munich-based Ifo institute says its business climate indicator climbed to 116.7 points in October, from 115.3 points the previous month.

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