ADVFN Newsdesk - Sentiment Positive Ahead of Manufacturing Data

ADVFN  World Daily Markets Bulletin Daily world financial news Wednesday, 02 December 2015 09:52:58    Monitor Quote Charts News Toplists Forex Boards   The 10-Minute Investor Consistently outperform the market in less than 10 minutes a day.  Discover a step-by-step system to move from inconsistent to consistent gains in the stock market. Break free of the old, broken investing model and plug-in to a successful investing plan. Attend my free webinar and learn: My 3-Part stock buying checklist My 10-Minute Routine 4 big mistakes to avoid. LEARN MORE US Market NYSE AMEX Dow Jones Nasdaq Please click on the images to view our interactive charts The major U.S. index futures are pointing to a higher opening on Tuesday, with sentiment suggesting modest strength ahead of some key domestic economic data releases. In Europe, the mood is rendered mixed, with the U.K. bank stress results offering support to the U.K. market, while the remaining major averages are modestly lower. The dollar is slightly weaker against most currencies and the commodities are seeing modest strength. Despite weak Chinese manufacturing data, Asian stocks rallied. The domestic markets now turn their attention to the results of the national manufacturing survey. U.S. stocks ended Monday's session mostly lower amid risk aversion following the release of two lackluster economic reports. The major averages opened higher but gave back their gains following the release of two separate reports showing a contraction in business activity in the Chicago region in November and a smaller than expected rebound in pending home sales in October. After declining steadily till the mid-session, the averages trimmed their losses by late afternoon trading but declined yet again, closing moderately lower for the session. The Dow Industrials fell 78.57 points or 0.44 percent before ending down 17,720, the Nasdaq Composite Index closed 18.86 points or 0.37 percent lower at 5,107 and the S&P 500 Index ended at 2,080, down 9.70 points or 0.46 percent. Twenty of the thirty Dow components closed lower for the session, while the remaining ten stocks advanced. Wal-Mart (WMT), UnitedHealth (UNH), Nike (NKE), Merck (MRK), General Electric (GE) and Disney (DIS) were among the biggest decliners of the session. On the other hand, Caterpillar (CAT) and Chevron (CVX) gained ground. Among the sectors, transportation, biotechnology, housing and retail stocks came under selling pressure, while gold, oil service and semiconductor stocks advanced. On the economic front, the results of MNI Indicators' business barometer survey for the Chicago-area showed that regional business activity entered into contraction territory in November. The business barometer fell to 48.7 in November from 56.2 in October. Economists had expected a reading of 54 for the month. The new orders index moved back into contraction territory and the order backlogs index remained in contraction territory for the 10th straight month. The National Association of Realtors reported that pending home sales rose 0.2 percent month-over-month in October, smaller than the 1 percent rebound expected by economists. The previous month's drop was revised to 1.6 percent from 2.3 percent. Annually, the index was up 3.9 percent. The Northeast and West saw month-over-month increases in pending home sales, while pending home sales fell in the Midwest and South. Download your complimentary Intro to Technical Analysis guide After a short course in the who, what, when, where and why of technical analysis, this guide will cover the ground from trendlines to popular market studies, as well as how to apply technical analysis to your own trading. Download It Here. US Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts Automakers are set to release monthly auto sales results for November. Total vehicle sales are likely to come in at a seasonally adjusted annual rate of 18.1 million units compared to an 18.2 million unit rate in October. The final U.S. manufacturing PMI reading due to be released by Markit at 9:45 am ET is expected to show a decline in the index to 52.6 in November from 54.1 in the previous month. The Institute for Supply Management is set to release its manufacturing PMI data based on its national survey at 10 am ET. The consensus estimate calls for the index to edge up to 50.5 in November from 50.1 in October. The manufacturing PMI edged down 0.1 points to 50.1 in October, slightly above the estimated 50. Of the 18 industries surveyed, 7 reported growth. The new orders index rose 2.8 points to 52.9, the production index was up 1.1 points to 52.9 and the order backlogs index also moved up 1 point to 42.5. However, the employment index fell 2.9 points to 47.6, moving into contraction territory. Around the same time, the Commerce Department is due to release its construction spending report for October. Economists expect a 0.6 percent month-over-month increase in construction spending for the month. Construction spending rose 0.6 percent month-over-month in September, faster than the 0.4 percent growth expected by economists. Residential construction spending rose a solid 1.9 percent, while private non-residential construction spending was down 0.7 percent. Public spending on construction climbed 0.7 percent. Chicago Federal Reserve Bank President Charles Evans is scheduled to speak on the economy in East Lansing, Michigan, at 12:45 pm ET. Federal Reserve Governor Lael Brainard will speak on the lower neutral rate in Stanford, California, at 8 pm ET. Find Winning Trades in Minutes! It used to take years of practice and hours of research to consistently make winning trades in the stock market.   At Tradespoon, we don't believe finding profitable trades should be a full-time job. That's why we developed tools to make smarter trading as easy as 1-2-3!   We give you access to the kinds of tools that professional money managers use every day to boost their returns. Click Here to Try it now - RISK FREE! Stocks in Focus FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts FLIR Systems (FLIR) announced it has acquired video surveillance software and hardware technology provider DVTEL for about $92 million in cash. Allscripts (MDRX) said that its board has approved a share repurchase program valued at $150 million. AmSurg (AMSG) announced it will offer 5.50 million of its common stock in an underwritten public offering. Our Hottest Trade Signal Instantly Sent to Your Phone - FREE This latest signal was picked based on the same methodology which resulted in a +20% GAIN while the S&P 500 was down -4.9% for the same time period in Trading Advantages’ Stock Signal Room. You’re minutes away from receiving potentially the most profitable trade signal to date. Today, legendary S&P pit trader Larry Levin, is sharing his carefully, hand-selected trade signal with you. This opportunity will expire so don’t miss it. See Your Trade Signal Now! European Markets European stocks retreated after a positive start, as traders digest domestic manufacturing data, the Bank of England's financial stability report and the U.K. bank test results. The U.K. market is holding up, reacting to the stress test results. In its semi-annual Financial Stability Report, the Financial Policy Committee of the Bank of England said it intends to make active use of the time-varying countercyclical capital buffer. The banks were asked to set aside capital buffer as soon as in March. The FPC noted that that no macroprudential actions on bank capital were required in response to the 2015 stress test, although the Royal Bank of Scotland and Standard Chartered Bank were found wanting in capital. Markit's final estimates showed that the manufacturing PMI for the region was left unrevised at 52.8 in November compared to 52.3 in October. Meanwhile the Markit/CIPS manufacturing PMI for the U.K. fell more than expected to 52.7 from 55.2 in October. A report released by the German Federal Labor Agency showed that German jobless rate eased to a record low of 6.3 percent in November from 6.4 percent in October, while it was expected to remain unchanged. The number of unemployed people fell by 13,000 compared to expectations for a drop of 5,000. Meanwhile, a Federal Statistical Office report that calculated the jobless rate with a 1-month lag showed that the jobless rate was unchanged at 4.5 percent in October. Download your complimentary Intro to Technical Analysis guide After a short course in the who, what, when, where and why of technical analysis, this guide will cover the ground from trendlines to popular market studies, as well as how to apply technical analysis to your own trading. Download It Here. Asian markets USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts Asian stocks advanced solidly, as traders digested a slew of domestic economic data and two regional central bank decisions. The Japanese, Australian, Hong Kong, South Korean and Taiwanese markets all saw their key averages rise by over 1 percent. Japanese stocks advanced as the yen retreated amid a general rise in risk appetite. The Nikkei 225 Index opened higher and rose steadily until late morning trading. After moving sideways till late trading, the average legged up before closing 264.93 points or 1.34 percent higher at 20,012, its highest closing level since August 20th, 2015. A majority of stocks advanced in the session. Australia's All Ordinaries Index advanced steadily until the mid-session before moving sideways in the afternoon. The index ended up 94.40 points or 1.81 percent at a 1-week high of 5,313. The market witnessed broad based strength, with consumer, financial, material, real estate and telecom stocks advancing notably. Hong Kong's Hang Seng Index ended at 22,381, up 384.93 points or 1.7 percent, and China's Shanghai Composite Index closed 10.90 points or 0.32 percent higher at 3,456. On the economic front, the Reserve Bank of India left its key interest rates steady, stating that inflation and growth remain on the path projected earlier. At the same time, the Reserve Bank of Australia maintained its official cash rate 2 percent, in line with expectations following 25 basis point cuts in February and May. The bank's rationale was that economic conditions have firmed up a little over recent months, although it did suggest that the inflation outlook left scope for further easing. Separate reports released by the Australian Bureau of Statistics showed that building approvals in Australia unexpectedly rose in October compared to the previous month, while the nation's current account deficit narrowed by less than expected in the third quarter. Official data released by the Chinese National Bureau of Statistics showed that manufacturing activity remained lackluster in November. The manufacturing PMI edged down 0.2 points to 49.6 in November, indicating the steepest contraction in 3 years. However, the service sector PMI rose to 53.6 from 53.1. Meanwhile, final estimates of the Caixin China PMI released by Markit showed that the manufacturing PMI rose to 48.6 in November from 48.3 in October. Data released by Japan's Ministry of Finance showed that capital spending in Japan rose 11.2 percent sequentially in the third quarter, ahead of the 2.2 percent increase forecast by economists. Excluding software, capital spending was up 5.4 percent. Company profits climbed 9 percent, slowing from the 23.8 percent jump in the second quarter. Sales edged up a mere 0.1 percent. You''l Never Trade The Same Way Again! Breakthrough strategy can teach ANY trader to find, execute and manage profitable options trades in less than 10 minutes Click here to see how Currency and Commodities Markets Crude oil futures are climbing $0.04 to $41.69 a barrel after edging down $0.06 to $41.65 a barrel on Monday. Meanwhile, an ounce of gold is currently trading at $1,070.80, up $5 from the previous session's close of $1,065.30. On Monday, gold rose $5.50. On the currency front, the U.S. dollar is trading at 123.09 yen compared to the 123.01 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar is valued at $1.0608 compared to yesterday's $1.0565.     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49