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Meanwhile, the European Central Bank is going in an opposite direction with easier monetary policy aimed at jump-starting a moribund economy. The Reuters poll found Europeans raising equity exposure, partly on account of optimism for corporate earnings if European companies get access to cheap money.

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Judiciously, Bratton left out of his montage the video of the chokehold arrest that led to Eric Garner’s death on Staten Island. Since the case is the subject of a grand jury investigation, the commissioner is right not to express his judgment on it for the moment.

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The nine justices are likely to rule this term on whether states can ban gay marriage. In the meantime, more than half the 48 cases they already have accepted are business-related, including seven labor and employment disputes, three antitrust cases and three tax cases.

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The team at the Australian Transport Safety Bureau (ATSB), which is leading the hunt for the plane, is using sonar to map the new "priority" search area, at the bottom of the Southern Indian Ocean.

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The spot rupee was not quoted in early trade on Thursday fora second straight session after the central bank limited thespot currency range to between 130.40 and 130.50, to prevent anysharp fall amid heavy equity selling and pullback by foreigninvestors from government securities.