U.S. stock futures moved lower Wednesday after Deutsche Bank said it will take more than US$3 billion in charges, but still post a rise in profit.

The German bank says it will book a charge in the third quarter on losses related to the subprime crisis, but the bank expects gains on asset sales and tax credits to offset those losses. Deutsche projects a profit of US$1.98 billion, better than a year ago.

There are no major economic releases from Statistics Canada today.

The Canadian dollar opened at US$1.0039, up 0.15 of a cent after falling 0.63 of a cent on Tuesday.

Later this morning, the U.S. Institute for Supply Management will release the latest reading of its nonmanufacturing index, which is expected to fall to 55.3 in September, from 55.8.

In other business news, Swedish airline group SAS AB said Wednesday it would request US$77 million in compensation from Bombardier for costs and lost income due to accidents involving turboprops made by the Canadian aircraft maker.

Crude-oil prices rose 43¢ to US$80.48 a barrel.

In Europe, the UK’s FTSE 100 index rose 0.5% as the banking sector continued to recover from recent falls.

Markets across Asia ended mixed, with Japan’s Nikkei 225 rising 0.9% and Hong Kong stocks suffering harsh reversals from profit-taking.

Toronto stocks retreated Tuesday, as losses in the resource sector led the market lower, even as investors absorbed news of major acquisitions by two Canadian banks.

The S&P/TSX composite index fell 47.85 points, or 0.34%, to 14,152.73.

Toronto-Dominion Bank fell $3.79, or 4.97%, to $72.54 after it said it was buying New Jersey-based Commerce Bancorp Inc for US$8.5 billion, a deal which would effectively double TD’s size in the United States.

Royal Bank of Canada shares gained 60¢, or 1.07%, to $56.53 after the bank announced it was purchasing Caribbean bank RBTT Financial Group for a total of about US$2.2 billion.

The S&P/TSX Venture composite index lost 29.26 points, or 1.02%, to 2,843.40.

In New York, markets were mixed as negative housing reports tamped down investor enthusiasm.

The Dow Jones industrial average fell 40.24 points, or 0.29%, to 14,047.31, the Nasdaq composite index gained 6.12, or 0.22%, to 2,747.11, and the S&P 500 fell 0.41, or 0.03%, to 1,546.63.