European markets weaker on data and Ukraine; Quiet day for Asian markets
Inflation data from Germany will be important today as forecasters predict the Eurozone is heading closer to deflation. The stats will be released across the country’s regions today. Spanish inflation data already released shows a slightly smaller than expected drop in inflation. The ECB said yesterday they are unlikely to change policy unless there is a clear danger of deflation across the bloc. Europewide inflation figures are due tomorrow. Despite talks between Russia and Ukraine this week, reports of more military chest-beating by Russia has increased tension again today. No major news
for Asia has seen a day of unremarkable trading. US futures are slightly lower.
US government to issue revised Q2 GDP data at 8.30am ET
US weekly jobless claims data due at 8.30am ET
Dollar General and Abercrombie & Fitch reporting earnings before trading.
FBI investigates attacks on financial institutions
The Federal Bureau of Investigation is looking into reported cyber attacks on major financial institutions. JP Morgan and at least four other banks were targeted this month according to reports. It is believed that data was stolen including information about customers’ accounts. The FBI and forensic security companies are said to have been brought in to conduct a thorough investigation. Read the full story.
Lending Club to go public
The peer-to-peer loans company Lending Club has announced an IPO. The 8 year old company is an online intermediary connecting investors and those who need cash. The firm says that since its launch it’s financed more than $5 billion in loans with almost half a billion paid in interest to investors. The IPO has the aim of raising at least $500 million, which would put it in the top ten stock market debuts for an Internet company. Read the full story.
Apple loses appeal to judge
Apple has lost its bid to get an injunction to stop Samsung selling phones that breach its patents. Despite winning a case earlier this year and being awarded $120 million in damages from Samsung for infringement of patents, a judge has ruled that an injunction is not necessary as Apple has not demonstrated any great damage to its business from the infringements. Apple has not commented on the ruling; Samsung say they welcome it. Read the full story.