The main heading for the biggest weekly drop this year to investors awaited data on American new-house sales and a report showed U.K. confidence dropped. U.S index futures were little changed, while Asian stocks fell in the Stoxx Europe 600 Index fell 0.3 percent to 264.72 at 10:20 a.m. in London to the benchmark gauge is poised for the biggest weekly drop this year.
And the Stoxx 600 has advanced 8.2 percent so far in 2012 as the European Central Bank disbursed more than 1 trillion euros to the region's lenders and U.S economic data topped forecasts in the standard & Poor's 500 Index futures expiring in June were little changed. The MSCI Asia Pacific Index slid 0.6 percent to we have seen some disappointing data this week of the market is a bit on edge said John Plassard, director at Louis Capital Markets SA in Geneva.
For the U.S., a report at 10 a.m. New York time may show that new-house sales rose to a 325,000 annual rate in February from 321,000 the previous month to a Bloomberg News survey of 78 economists. That would be the fastest since December 2010 for the U.K. consumer confidence declined in February as rising joblessness and weak economic growth made Britons more pessimistic about the future, Nationwide Building Society said.
And the Stoxx 600 has advanced 8.2 percent so far in 2012 as the European Central Bank disbursed more than 1 trillion euros to the region's lenders and U.S economic data topped forecasts in the standard & Poor's 500 Index futures expiring in June were little changed. The MSCI Asia Pacific Index slid 0.6 percent to we have seen some disappointing data this week of the market is a bit on edge said John Plassard, director at Louis Capital Markets SA in Geneva.
For the U.S., a report at 10 a.m. New York time may show that new-house sales rose to a 325,000 annual rate in February from 321,000 the previous month to a Bloomberg News survey of 78 economists. That would be the fastest since December 2010 for the U.K. consumer confidence declined in February as rising joblessness and weak economic growth made Britons more pessimistic about the future, Nationwide Building Society said.
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