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| | 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 following the modest pullback seen in the previous session.
Early buying interest may be generated in reaction to upbeat earnings news from well known companies such as 3M (MMM) and Caterpillar (CAT)
Trading activity may be somewhat subdued, however, with a lack of major U.S. economic data keeping some traders on the sidelines.
After ending the previous session at record closing highs, stocks gave back some ground during trading on Monday. The major averages reached record intraday highs but pulled back to end the day in negative territory.
The Dow dipped 54.67 points or 0.2 percent to 23,273.96, the Nasdaq fell 42.23 points or 0.6 percent to 6,586.83 and the S&P 500 slid 10.23 points or 0.4 percent to 2,564.98.
The choppy trading on Wall Street came as traders seemed reluctant to make significant moves amid a quiet day on the U.S. economic front.
The economic calendar will pick up in the comings days with the release of reports on durable goods orders, new home sales, pending home sales, and consumer sentiment.
Traders may also have been looking ahead to release of earnings news from big name companies such as General Motors (GM), McDonald's (MCD), AT&T (T), Boeing (BA), Coca-Cola (KO), Visa (V), Ford (F), Amazon (AMZN), Intel (INTC), Microsoft (MSFT), Exxon Mobil (XOM), and Merck (MRK).
Energy, airline and gold stocks saw considerable weakness on the day, while strength was visible among computer hardware stocks. |
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| | Europe markets | | European stocks are seeing modest strength on the day as earnings proved to be a mixed bag and investors looked ahead to Thursday's ECB meeting for directional cues.
On the data front, the euro area private sector expanded strongly in October, but the pace of growth slowed from September, flash survey data from IHS Markit showed. The flash composite output index fell more than expected to 55.9 from 56.7 a month ago.
While German private sector grew at a slower pace, French private sector activity expanded at the fastest pace in nearly six-and-a-half years in the month.
While the U.K.’s FTSE 100 Index is up by 0.1 percent, the German DAX Index and the French CAC 40 Index are up by 0.3 percent and 0.4 percent, respectively.
Logitech International shares have tumbled despite the Swiss company delivering another strong quarter of growth.
Novartis has also moved to the downside after delaying a possible spinoff of its Alcon eyecare business until the first half of 2019.
Swedish mining and smelting company Boliden has fallen sharply after Lennart Evrell decided to resign as CEO effective half way through 2018.
Meanwhile, Apple supplier AMS has jumped 20 percent after its Q4 guidance came in well above consensus. French eyewear group Essilor has also rallied after confirming its 2017 outlook.
Commerzbank shares have shown a strong move to the upside after the Financial Times reported that the German bank has hired advisers to defend itself against potential takeover bids from European rivals including BNP Paribas. |
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| | Asia markets | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | | | Asian stocks finished mostly higher on Tuesday as the yen held steady, oil prices inched higher and China's ruling Communist Party voted to endorse a second five-year term for President Xi Jinping.
Japanese shares extended gains for a 16th consecutive session on the back of a weaker yen and amid relief over the BOJ policies.
The Nikkei 225 Index closed 108.52 points or 0.5 percent higher at 21,805.17, with exporters and banks leading the surge. The broader Topix index gained 0.7 percent to finish at 1,756.92. Yaskawa Electric shares fell 3.6 percent after the company unveiled its first-half earnings.
On the economic front, the latest survey from Nikkei revealed that activity in Japan's manufacturing sector continued to expand in October, albeit at a slightly slower pace with a manufacturing PMI score of 52.5, down from 52.9 in September.
Chinese stocks rose as the Communist Party of China endorsed a second five-year term for President Xi Jinping.
The benchmark Shanghai Composite rose 7.55 points or 0.2 percent to 3,388.25, although Hong Kong's Hang Seng Index fell 150.91 points or 0.5 percent to 28,154.97.
Australian shares closed marginally higher as strong metal prices boosted miners, offsetting losses in the financial sector. The benchmark S&P/ASX 200 Index and the broader All Ordinaries index both rose less than 0.1 percent to close at 5,897.60 and 5,962.50, respectively.
Mining heavyweights BHP Billiton and Rio Tinto eked out modest gains, while Fortescue Metals Group and South32 ended up more than 1 percent each. Gold miners Newcrest and Regis rose over 1 percent and Northern Star climbed 3.6 percent as gold edged up on a softer dollar.
The big four banks finished flat to marginally lower and grocery giant Woolworths shed 0.8 percent. Energy stocks also ended a tad lower despite crude oil prices edging higher overnight.
Nufarm shares entered a trading halt after the company agreed to buy a European portfolio of crop protection products from Adama and Syngenta for A$691 million.
In economic news, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed that Australia's consumer confidence index rose to 113.3 during the week ended October 22nd from 112.4 in the preceding week, driven by improvements in expectations for the near and long-term economic outlook. |
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| | Commodity, Currency Markets | | Crude oil futures are rising $0.28 to $52.18 a barrel after inching up $0.06 to $51.90 a barrel on Monday. Meanwhile, after edging up $0.40 to $1,280.90 an ounce in the previous session, gold futures are slipping $0.70 to $1,280.20 an ounce.
On the currency front, the U.S. dollar is trading at 113.89 yen compared to the 113.43 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar is valued $1.1761 compared to yesterday’s $1.1749.
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