Scoreboard: Europe stumbles

European markets fell on reports of ructions at the ECB and a cut to growth forecasts, while Wall Street was mixed and oil prices continued to slide.

In the US, durable goods orders fell by 1.1 per cent in September with factory orders down by 0.6 per cent, in line with forecasts. The trade deficit widened from $US40.1 billion to $US43.03 billion in September (forecast $US40 billion). The ISM New York index rose from 654.8 to 657.2 in October. And chain store sales were up 3.9 per cent on a year ago in the latest week, down from 4.4 per cent in the previous week.


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