|
US stock futures are trading slightly lower Tuesday night, as Japan's major indices declined at the open after the yen touched a fresh 15-year high against the US dollar, weighing on key exporters. Australia's major index, the ASX, is also trading lower, down 0.6% as the Nikkei reported that Rio Tinto (NYSE:RTP) has agreed to a 13% price cut for its iron ore from Japanese steel makers during the fourth quarter, signaling demand in China is weakening, which doesn't bode well in terms of signs of a global economic recovery. |
|