Stock futures are drifting lower as investors pile on more safe-haven assets like the dollar and Treasurys.
European and U.S. stock markets fell sharply Tuesday after worse than expected German industrial production data and a warning from a leading credit ratings agency that the U.S. government needs to get its public finances in shape soon.
Treasury prices rose Monday as investors jumped back into the market, seizing on attractive prices following big declines at the end of last week.
Stocks and the dollar gained Monday as investors tried to predict when interest rates might start rising.
Stock futures are slightly lower as the dollar strengthens and investors weigh whether the Federal Reserve may raise interest rates sooner than expected.
Federal agents are seizing assets from a Florida lawyer suspected of orchestrating a multimillion-dollar fraud scheme.
Fannie Mae CEO Herb Allison is expected to be named by the Obama administration to head the government's $700 billion Troubled Asset Relief Program, a published report said.
A court ordered the Tokyo Stock Exchange Friday to pay 10.7 billion yen ($121 million) in damages to Mizuho Securities Co. Ltd. over massive losses in a botched transaction.
U.S. stocks are higher in early trading as the government reported new jobless benefit claims fell unexpectedly for the fifth straight week.
