It is a tossup whether the market found a bottom this week, but bulls could find some support as corporations, mostly on the sidelines as the market tumbled, step up their stock purchases in the coming weeks.
German luxury automaker Daimler (DAIGn.DE) has cut its growth forecast for the global car market, blaming cooler demand in emerging markets and a plunge in Russian sales which has put a fledgling European industry recovery in jeopardy.
The dollar rose above 110 yen for the first time in six years and held near a two-year peak against the euro on Wednesday, as investors added to bets that U.S. data will drive the Federal Reserve to tighten policy.
The yen rose on Wednesday after Japanese Prime Minister Shinzo Abe voiced concern about the economic impact of its fall to a six-year low, adding to the sense of a halt this week in the dollar's record-breaking run since July.
Asian shares slipped on Tuesday as a periodic bout of angst over China combined with the U.S. dollar's recent meteoric run to pile pressure on commodity prices.
China does not need strong policy stimulus as long as economic growth hovers within the government's targeted range, a policy adviser to the People's Bank of China said on Thursday, an indication Beijing will continue with targeted steps to support growth.
The global economy faces a growing risk from big financial market bets that could quickly unravel if investors get spooked by geopolitical tensions or a shift in U.S. interest rate policy, the International Monetary Fund said on Wednesday.
Federal Reserve officials nudged their expected path of interest rate increases higher on Wednesday, but did little to change the outlook for a long slow climb back up to normal monetary policy.
Dubai's Emaar Properties is seeking to raise as much as 5.8 billion dirhams ($1.58 billion) from an initial public offer of shares in its shopping malls unit that is expected to be the Gulf's biggest stock sale since 2008.
Amid the run up to the Third Plenum, many market investors who have waited for the policy direction from the Chinese government had made them either hopeful or disappointed with the communique released by President Xi Jinping.
British retail giant Tesco Plc is partnering with Tata conglomerate subsidiary Trent to open stores in India.
In a statement, Credit Suisse said it found no evidence of foreign market manipulation.
The large volume IPO companies have helped the European IPO boom.
OCC would register in Europe in order help companies seeking to trade in equity derivatives based in Europe.
Futuris Automotive is transferred to Clearlake Capital Group from Elders Limited.
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