"It's the last trading day of the third quarter and for a lot of mutual funds it's even the end of their fiscal year - Deutsche Bank is in a lot of those, and they don't want the stock trading in single digits, so they may be buying". Investors were following embattled giant German lender Deutsche Bank, which has been buffeted by concerns about the health of its balance sheet, specifically its ability to withstand a potential $14 billion fine from the U.S. Justice Department. Deutsche Bank declined to comment on the report.
4 billion, well below the government's initial $14-billion demand, the source said.
He said the futures market was pointing to a gain of about 30 points once the ASX opens on Monday.
On Thursday, Philadelphia Fed President Patrick Harker said he backs a December rate increase if the economy continues to grow as expected, while Atlanta Fed President Dennis Lockhart said he expects the Fed to be in a position to raise rates soon.
"Understandably the European markets are rattled".
"We continue to see Capita suffering from lower organic growth dynamics in the United Kingdom over the next two year", analysts at Goldman Sachs said in a note. The Nasdaq composite rose 19 points, or 0.4 percent, to 5,288.
In Asia, share markets were lower across the board on the final trading day of the quarter, after concerns over Deutsche Bank's stability drove down sentiment in USA markets. Commerzbank AG fell 1.5 percent toward an nearly eight-week low.
US crude picked up 78 cents, or 1.7 percent, to $47.83 a barrel in NY. Merck fell $1.17, or 1.8 percent, to $62.13.
Santner at heart of Black Caps fightback
Mitchell Santner was the wrecker in chief as he picked up three wickets and brought back New Zealand into the game. It was a rare odd day for Jadeja and R Ashwin, who went wicketless despite bowling 31 overs together.
South Korea's won fell 0.5 percent, the Indonesian rupiah lost 0.2 percent and the Australian dollar slipped 0.4 percent.
Thooft said he does not think banks are in great danger, but he said there are problems to worry about, including the health of Italy's banks.
Analysts had expected a 0.1% gain in consumer spending, which accounts for more than two-thirds of US economic activity.
Germanys DAX lost 0.3 percent. ConAgra stock rose $3.29, or 7.6 percent, to $46.42.
West Texas Intermediate for November delivery rose 78 cents to settle at $47.83 a barrel on the New York Mercantile Exchange. Santos and Woodside Petroleum fell 2.6 per cent and 0.9 per cent, respectively.
Bullion for immediate delivery rose 0.5% to $1 326.34 an ounce by 11:27am in London, according to Bloomberg generic pricing.
On the currency front, the US dollar is trading at 101.14 yen compared to the 101.03 yen it fetched at the close of NY trading on Thursday. The euro edged up to $1.1229 from $1.1214.
Tokyo ended the morning down 1.6 per cent, while Hong Kong was 1.2 per cent off, Sydney fell 0.8 per cent and Seoul lost 0.8 per cent. - Reuters picHONG KONG, Sept 30 - Asian markets tumbled today, tracking a sell-off in NY as worries about the future of German banking giant Deutsche Bank hammered financial stocks.