Spain, Bain Capital and Wall Street - This is What You Need to Know on Thursday
This is what you need to know on Thursday:
European stocks opened lower Thursday as investors retreat from risk in the region amid a rapid escalation in Spain's Catalan crisis that threatens to engulf Europe's fifth largest economy.
Spain's IBEX index, which lost 2.85% yesterday -- its biggest single-session decline in 15 months -- may open modestly higher, according to CMC markets, but much will depend on investor interpretation of Catalan President Carles Puigdemont's statement late Wednesday that "We will show our best face in coming days when our institutions apply the results of the referendum."
Global oil prices also stabilized, although prices dipped to the downside, despite repeated calls from OPEC members and their allies that the current agreement on production cuts could be extended from the current March deadline to the end of 2018.
Bain Capital aims to list Toshiba's chip unit on the Tokyo Stock Exchange in the next few years.
Wall Street's third straight session of record high closes for the Dow Jones Industrial Average, the S&P 500 and the Nasdaq could come to a halt today, with Dow Jones Mini futures looking at a 2 point pullback and S&P 500 mini futures suggest a 1 point decline ahead of weekly jobless claims figures due at 08:30 Eastern time.
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