Bloomberg (04/9) -- Asian stock-index futures fell and crude oil held its advance on concern the U.S. is moving closer to a military strike against Syria. The dollar traded near a six-week high versus the yen as growth in American factory output stoked speculation the U.S. will cut stimulus this month. Nikkei 225 Stock Average futures fell 1.4 percent by 3 a.m. in Osaka and were at 13,885 in Chicago after closing at 13,990 in Japan yesterday. Australian index futures lost 0.7 percent, while Standard & Poor�s 500 Index contracts slipped 0.1 percent after the index rose 0.4 percent. West Texas Intermediate oil was little changed at $108.53 a barrel, after yesterday�s 0.8 percent gain. The dollar was steady at 99.63 yen. A gauge of Indian stocks in New York fell to a 13-month low. U.S. House of Representatives Speaker John Boehner backed President Barack Obama�s call for action against Syria, urging colleagues to authorize a military strike. Boehner�s support pared gains in American stocks, which rallied after the Institute for Supply Management�s manufacturing index rose to the strongest level since June 2011. Australia will probably report today that economic growth slowed in the second quarter. China�s President Xi Jinping said yesterday that the government was consciously slowing expansion to adjust the economy.
Posted on: Tue, 03 Sep 2013 23:36:16 +0000
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