Dow futures fall ... Crude falls ... Inflation worries
HONG KONG (AP) — World stock markets generally declined today, tracking Wall Street’s fall after the latest Fed report rekindled fears about inflation and rising bond yields. Wall Street is poised to open lower. Dow futures fell 0.3 percent to 24,716.00 and broader S&P 500 futures dipped 0.1 percent to 2,695.80.
NEW YORK (AP) — Benchmark U.S. crude fell 63 cents to $61.05 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 11 cents to settle at $61.68 per barrel on Wednesday. Brent crude lost 49 cents to $65.00 per barrel in London. The dollar weakened to 107.29 yen from 107.77 yen in late trading Wednesday.
WASHINGTON (AP) — The Federal Reserve’s minutes from its most recent policy meeting indicated bullish sentiment among policymakers about the outlook for U.S. and global economic growth. Wall Street initially welcomed the report but soon U.S. Treasury yields spiked to their highest level in four years in a sign of renewed worries about rising inflation.
THE HAGUE, Netherlands (AP) — Dutch prosecutors have rejected calls to open a criminal investigation into four major tobacco companies on charges including attempted murder or manslaughter. They say such a case would be unlikely to lead to a conviction. An Amsterdam lawyer had called for prosecuting Philip Morris, British American Tobacco, Japan Tobacco International and Imperial Tobacco Benelux.
BERLIN (AP) — A German court has begun considering whether authorities should ban diesel cars from cities in order to lower air pollution. Such a move could have drastic consequences for the country’s powerful auto industry. The court has said a verdict could be issued as early as later today.