U.S. index futures climbed while Japanese shares retreated as investors assessed the outlook for corporate earnings amid better-than-estimated profit for Apple Inc. and Facebook Inc. New Zealand’s dollar gained after the central bank raised interest rates and nickel advanced.
Bank of New York Mellon Corp. is exploring the sale of its corporate trust arm as it seeks to retreat from a business that has become less profitable since the financial crisis, people with knowledge of the matter said.
U.S. stocks fell, ending a six-day advance in the Standard & Poor’s 500 Index, and Treasuries rose as reports showed weakness in home sales and global manufacturing. Gold climbed from a 10-week low, while Apple Inc. surged in extended trading on better-than-estimated earnings.
Demand at the U.S. auction of $35 billion of five-year notes from a group that includes pension funds and insurers approached the highest level in almost a year amid speculation on the Federal Reserve’s agenda and turmoil in Ukraine.
KenolKobil Ltd., a Kenyan fuel retailer with operations in nine other African countries, plans to be debt-free by the end of the year and is consolidating its business, Managing Director David Ohana said.