Wednesday March 26, 01:07 PM
US pre-open: Credit fears resurface
LONDON (ShareCast) - US stocks are seen slightly lower as investors wait for the durable goods order while credit fears emerge again on reports that the takeover of radio broadcaster Clear Channels is on the ropes. Private equity groups spearheading
the $19bn approach for Clear Channel are finding it difficult to get funding from banks, according to the Wall Street journal.Government figures are due before the open on durable goods orders for February, with economists expecting orders for large-ticket items to gain 0.8% against the 5% drop in January. In other economic news, a reading on new home sales is out along with the government's report on fuel inventories. Across the markets, the Dow Jones (news) is expected to fall 26 points to 12,489 with the Nasdaq (NASDAQ: news) seen 3 points lower at 1823. The S&P 500 is due to fall 2 points.
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