* Oilfield-services company, Baker Hughes (NYSE:BHI) slumped 4 percent after it forecast a lower than expected first-quarter profit due to increased costs and lower fleet utilization. * General Mills (NYSE:GIS), the maker of Progresso soups and Cheerios cereal, fell 0.7 percent after reporting fiscal third-quarter earnings that fell short of street expectations. * Hartford Financial Services Group (NYSE:HIG) climbed 7 percent in premarket trading after the company divulged plans of exiting the annuity business and was also seeking a buyer for some its life insurance operations.
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* Oracle (NASDAQ:ORCL) gained 2 percent in morning trading after posting better-than-expected quarterly profit and new software license sales. Australian shares fell to a one weak low dragged by weakness in mining heavyweights like BHP Billiton (ASX:BHP). Coming off a holiday on Tuesday, the Nikkei 225 ended half a percent lower. The Shanghai Composite Index ended the day flat, while the Hang Seng Index ended 0.15 percent lower.
Year earlier, public sector net borrowing excluding public sector interventions was 15.2 billion pounds ($24.1 billion).Īsian markets end mostly down on Chinese slowdown concerns: Most Asian markets ended down on Wednesday on concerns over a slowdown in Chinese growth, dragged by weakness in the financial and property sectors. budget deficit soars: Ahead of the Budget statement, the Office for National Statistics said in London today that U.K.’s budget deficit almost doubled in February as spending increased and income taxes receipts fell. The German DAX climbed 0.2 percent today, and is up 20 percent so far this year. The benchmark Stoxx Europe 600 Index was last trading 0.2% higher. Ahead of the opening bell, the Dow Jones Industrial Average (INDEXDJX.DJI), S&P 500 (INDEXSP.INX) and NASDAQ (INDEXNASDAQ.IXIC) were all up less than 0.1 percent.Įuropean markets move up: Breaking a two-day downtrend, European markets edged up on Wednesday as investors tried to cast aside worries over Chinese growth and anticipated positive U.S. stock-index futures trading marginally higher: Stock index futures pointed to a flat open on Wednesday as investors await another report on the housing market.
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