Global stocks muted ahead of central bank meetings

4:25 AM, Jul 4, 2012   |    comments
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SINGAPORE -- International stock markets are muted in thin trading today because of the U.S. holiday and ahead of European Central Bank and Bank of England meetings tomorrow.

Investors this week have brushed off signs of weakening economic growth, including reports that showed falling industrial production in the U.S. and China, the world's two biggest economies. But some analysts say investors may be expecting too much from possible stimulus measures.

European stocks edged lower in early trading while stocks in Asia were mostly higher.

The U.S. government's June jobs report is due Friday and second-quarter corporate earnings start next week.

Benchmark crude oil dropped below $87 a barrel. The dollar gained against the euro and fell against the yen.

The Associated Press

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