Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- U.S. stock futures were suggesting a lower open on Wall Street Friday after Chinese exports in July rose 1% over a year earlier, below forecasts of 5%, while import growth fell to 4.7% from June's 6.3%.
European stocks were falling while Asian shares ended Friday's session lower. Japan's Nikkei 225 index fell 1% to close at 8,891.44
The economic calendar in the U.S. Friday includes July import-export prices from the Labor Department at 8:30 a.m. EDT. Economists forecast a 0.1% rise in import prices and an unchanged reading for exports, according to Reuters.
U.S. stocks on Thursday ended little changed after a mixed bag of economic reports failed to show the direction of the global economy.
The Dow Jones Industrial Average fell 10 points, or 0.1%, at 13,165. The S&P 500 finished up about half a point at 1,403. The Nasdaq climbed 7 points, or 0.25%, to 3018.
The Justice Department won't prosecute Goldman Sachs
The Justice Department's year-long investigation stemmed from allegations made in a report by a Senate panel investigating the 2008-2009 financial crisis.
The initial public offering of U.K. soccer club Manchester United
The IPO values the club at $2.3 billion. The stock begins trading Friday on the New York Stock Exchange.
Japanese insurer Dai-ichi Life said Friday it agreed to acquire up to 20% of Janus Capital
The U.S. team has won 90 medals, 39 golds, as the 2012 Olympics in London winds down this weekend. China has won 80 medals, 37 golds.
-- Written by Joseph Woelfel
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