U.S. government debt prices fell, as surprisingly strong data on the housing market raised hopes of the U.S. economy accelerating and spurred investors to favor stocks and growth-oriented assets over low-risk bonds.
U.S. stock index futures added to gains following reports that showed weekly jobless claims tumbled to a five-year low and housing starts jumped to their highest rate since June 2008.
Some of the names on the move ahead of the open.
Traders will be watching Thursday's earnings closely for signs of any trend that could break stocks out of their doldrums.
Two major banks and the country's largest asset manager took steps to make their money market mutual funds more transparent to investors.
The Warren Buffetts of the East failed to live up their reputations in 2012, when big-name investment gurus made the wrong calls on China while markets in India and Southeast Asia raced ahead to rank among the top performers globally.
Bowing to intense competition among fund managers over the past few months, Vanguard announced reductions in fees on dozens of mutual funds and ETFs.
Global investors are betting Washington will overcome its budget deadlock despite an apparently serious setback. Republican lawmakers rejected a proposal on Thursday by their leader, House of Representatives Speaker John Boehner, designed to extract concessions from President Barack Obama.
President Barack Obama and House Speaker John Boehner are close to a deal that could help the U.S. economy see a "real recovery", Silver Lake Partners Co-Founder Glenn Hutchins told CNBC.
A record month of redemption from equity mutual funds invested in Southeast Asia suggests a boom in these markets could be over as money managers look elsewhere for value with their sights set on China and India.
Rick Rieder, BlackRock's fixed income CIO, provides his view on the bond market and his key fixed income picks for next year.
*Bair renews backing for ideas like ending $1 per share. *Fund firms seek compromise for oversight of $2.5 trillion industry.
DUBAI, Nov 1- The United Arab Emirates' Dana Gas failed to repay a $920 million Islamic bond on maturity, prompting a source close to holders of the bond to say they will stake claim to the natural gas producer's extensive Egyptian assets.
*Dana Gas' $920 mln convertible Islamic bond matures Oct. 31. DUBAI, Oct 30- Dana Gas is set to become the first United Arab Emirates company to fail to pay an Islamic bond on maturity, three sources familiar with the matter said on Tuesday, sending its stock and bond prices sharply lower.
*Dana Gas' $920 mln convertible Islamic bond matures Oct 31. DUBAI, Oct 30- Dana Gas is set to become the first United Arab Emirates company to fail payment of an Islamic bond on maturity, three sources familiar with the matter told Reuters on Tuesday.
DUBAI, Oct 30- Dana Gas, the United Arab Emirates' largest listed natural gas firm, will not repay a $920 million convertible Islamic bond when it matures on Wednesday and has reached a standstill agreement with bondholders, three sources familiar with the matter told Reuters.
SINGAPORE, Oct 30- Iron ore prices may drop nearly 10 percent over the next three years as top consumer China's economic growth shifts to a slower gear, threatening to squeeze profits at global miners Vale, Rio Tinto and BHP Billiton, a Reuters poll showed.
*MSCI Asia ex- Japan inches up 0.1 pct. TOKYO, Oct 30- Asian shares rose modestly but momentum was curbed by a giant, powerful storm that will keep U.S. markets shut, while the dollar slid to an intraday low against the yen after the Bank of Japan unveiled further easing steps.
SINGAPORE, Oct 30- London copper rebounded on Tuesday from a near two-month low hit the session before with consumers attracted by the lower prices, although global growth worries are likely to cap gains in trade thinned by a hurricane in the United States.
LONDON, Oct 29- The departure of Anglo American's chief executive has revived talk of radical ways for the miner to boost its flagging share price, even going as far as a break-up of the group.