The major U.S. index futures are pointing to a lower opening on Friday. Economic uncertainty is driving down commodity prices and is exerting upward pressure on safe haven currencies such as the dollar and the yen. Among the two economic reports released earlier in the day, the Commerce Department said the trade deficit unexpectedly narrowed in May due to an improvement in exports, while nudged higher by rising oil prices, import prices rose in June.
On July 10, 2009, In Top Stories by admin