Wages and prices remained subdued in most of the U.S. through the first week of the year, according to a survey of economic conditions, a discouraging signal for Federal Reserve officials grappling with the threat of persistently weak inflation to economic growth.
Bank of England officials said the near-term outlook for U.K. growth and inflation has weakened further as they kept their key rate at a record low.
Major Asian stock markets retraced some of their downward slide but closed mostly in negative territory, following a massive sell-off on Wall Street overnight. China bucked the trend, erasing early losses to close up almost 2 percent.
Next Trading Day's Important Events
- 16:30 (GMT 3) US Retail Sales
- USDJPY: 117.79
- EURUSD: 1.0902
- S&P 500: 1,890.28
- NASDAQ : 4,526.1