Asian stocks fell for a third day and U.S. equity-index futures declined as oil extended its slump. The MSCI Asia Pacific Index (MXAP ▼ -0.09% 140.69) slid 0.3 percent to 140.25 as of 9:01 a.m. in Tokyo, before markets opened in China and Hong Kong. Energy producers posted the largest declines last week as Brent oil extended its 2014 rout to 37 percent amid a glut in supply. West Texas Intermediate crude today dropped below $65 a barrel for the first time since May 2010. Gauges of manufacturing for China and the euro area are due today.
Posted on: Mon, 01 Dec 2014 02:58:34 +0000