FKLI related news

The Dow industrials finished higher in a seesaw day, as investors weighed a slowdown in European manufacturing and a profit warning from bellwether delivery company FedEx against hopes for central-bank stimulus measures.

The Dow Jones Industrial Average inched up 11.54 points, or 0.1%, to 13047.48. The Standard & Poor's 500-stock index lost 1.50 points, or 0.1%, to 1403.44, and the Nasdaq Composite gave up 5.79 points, or 0.2%, to 3069.27.

The moves came after FedEx lowered its first-quarter earnings forecast late Tuesday. FedEx is considered an economic bellwether because of its role in transporting goods around the world, and its profit warning came as investors digested weak manufacturing reports from China and the U.S. (The Wall Street Journal)

Facebook shares climbed almost 5%, to close at $18.58, a day after Chief Executive Mark Zuckerberg said in a regulatory filing that he won’t sell any of his company’s stock for the next year. Additionally, Facebook directors Marc Andreessen and Donald Graham said in the same filing that they won’t sell any of their Facebook shares after the expiration of the next lockup period.

The euro rose on Wednesday after media reports suggested that the European Central Bank may buy unlimited amounts of short-term government debt to ease the region's financial crisis.

Brent crude prices fell on Wednesday, while U.S. crude inched up in see-saw  trade ahead of a European Central Bank meeting and a U.S. August payrolls report as investors await central bank action in the face of slowing economic growth. Copper futures rose to a seven-week high on Wednesday, while gold, which set a six-month high this week, inched down ahead of the European Central Bank's (ECB) meeting   on Thursday when it is expected to announce a program to ease the region's debt crisis.

Malaysia shares end down 0.8% at 1641.01, tracking losses in most Asian stock markets following weak manufacturing data from the U.S Tuesday. Maybank IB technical analyst Lee Cheng Hooi says the market's decline Wednesday could signal the start of a correction phase with the benchmark index KLCI facing risk of steeper falls; "it looks very bad and broad-based... it's a risk-off situation for the market ahead of the ECB meeting," he adds. Lee tips immediate support at 1620-1631. [Dow Jones]