European and Asian equity markets venture further into negative territory, with investors looking to the direction of U.S. trading later today to lift them out of the doldrums. Bank of England Governor Mark Carney backs away from the central bank¿s five-month-old policy of using the U.K.¿s unemployment rate as a key indicator when determining interest rate policy and says Britain¿s recovery has ¿some way to run¿ before a departure from that he calls ¿emergency setting¿ monetary policy is appropriate. And in corporate news, some complex maneuvering delivers San Francisco¿s McKesson Corp. more than 75% of German drugs distributor Celesio AG, just two weeks after its original $8.7 billion offer failed to achieve that acceptance threshold.
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