Wall Street Set To Start Lower As Risk Aversion Continues
Early indications suggest that Wall Street stocks may open Thursday’s session modestly lower, as risk aversion continues to unnerve investors. After Asian stocks closed mixed, the European markets are retreating in volatile trading. Commodities are firmer as the dollar has lost ground, except against commodity currencies. The Norwegian central bank unexpectedly lowered its key interest rates to a record low of 0.75 percent and German economic data released today were mixed. Consumer sentiment in Europe’s largest economy is set to recede in October, while business sentiment unexpectedly improved in September. The domestic markets may also focus on economic data on durable goods orders, jobless claims and new home sales.