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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 roughly flat opening on Monday amid a quiet day on the U.S. economic front.
U.S. stocks rose Friday, inching to new record highs as Apple and Qualcomm led gainers in the tech sector.
The Dow Jones Industrial Average inched up 0.1% to 23,539. Meanwhile, the S&P 500 rose 0.3% to 2,588. The tech-heavy Nasdaq Composite climbed 0.7% to 6,764, marking its sixth consecutive weekly gain
It was the eighth consecutive weekly gain for the DJIA, the longest streak since 2013.
Apple (AAPL) shares rose 2.3 percent on upbeat earnings, while Qualcomm (QCOM) surged up 12 percent on reports of a possible tie-up with Broadcom.
The modest strength on Wall Street came following the release of a report from the release of a report from the Labor Department showing weaker than expected job growth in the month of October.
The Labor Department report showed employment increased by 261,000 jobs in October compared to economist estimates for an increase of 310,000 jobs.
Meanwhile, a separate report released by the Institute for Supply Management showed the U.S. service sector unexpectedly grew at a faster rate in the month of October.
The ISM said its non-manufacturing index inched up to 60.1 in October from 59.8 in September, with a reading above 50 indicating growth in the service sector. Economists had expected the index to drop to 58.6.
With the increase, the NMI reached its highest level since the index's debut in 2008. The highest reading among pre-2008 composite index calculations was 61.3 percent in August of 2005. |
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| | US Economic Reports | | | | CADUSD | Oil | Gold | Allbanc |  |  |  |  | | Please click on the images to view our interactive charts | | | The economic calendar for the week is relatively quiet, although reports on wholesale inventories and consumer sentiment may attract some attention.
At 12:10 pm ET, New York Federal Reserve President William Dudley is due to speak about Lessons from the Financial Crisis at a luncheon event at the Economic Club of New York. |
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| | Europe markets | | European stocks are turning in a lackluster performance on Monday as investors wait for Brexit talks to resume in Brussels on Thursday amid disagreement over what the U.K. must pay as a final exit settlement.
Currently, the U.K.’s FTSE 100 Index is just below the unchanged line, while the French CAC 40 Index is up by less than a tenth of a percent and the German DAX Index is up by 0.1 percent.
SBM Offshore shares have plunged after the Dutch marine energy group set aside an additional $238 million provision to settle a corruption case.
Storage tank firm Royal Vopak has also shown a notable move to the downside after lowering its 2017 earnings guidance.
Shares of SysGroup have also moved sharply lower in London. After reporting weak first-half earnings, the managed IT services and cloud hosting provider has warned that it expects fiscal year EBITDA and adjusted profit before tax to be significantly below market expectations.
On the other hand, Tullow Oil shares have risen as oil prices hit their highest levels since 2015 amid signs of tightening market conditions.
In economic news, data from Destatis revealed that German factory orders grew 1 percent month-on-month in September compared with analysts' expectations for a 1.1 percent decline.
IHS Markit's final composite Purchasing Managers' Index for the euro zone fell to 56.0 last month from 56.7 in September.
The Sentix investor sentiment index for the euro zone rose to 34 points at the start of this month from 29.7 in October. |
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| | Asia markets | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | | | Asian stocks ended mixed on Monday as U.S. President Donald Trump kicked off his tour of Asia in Japan over the weekend with tough rhetoric and an anti-corruption crackdown in Saudi Arabia resulted in the arrest of several Saudi princes and ministers, including prominent investor Prince Alwaleed Bin Talal.
China's Shanghai Composite Index rose 17.37 points or 0.5 percent to 3,389.12 even as banking stocks fell after People's Bank of China Governor Zhou Xiaochuan spelled out his strategy to ward off systematic financial risks.
Hong Kong's Hang Seng Index edged down 6.81 points or less than a tenth of a percent to 28,596.80 ahead of Chinese current account, foreign-exchange reserves and consumer inflation data later this week.
Japanese shares ended roughly flat as trading resumed after a long holiday weekend. The Nikkei 225 Index pared early gains to close marginally higher at 22,548.35, while the broader Topix index ended down 0.1 percent at 1,792.66.
Banks Mitsubishi UFJ Financial Group, Mizuho Financial and Sumitomo Mitsui Financial Group fell over 1 percent after Bank of Japan Governor Haruhiko Kuroda said the central bank would closely monitor the effects of the continued low interest rate environment on the functioning of financial institutions.
SoftBank Group retreated 2.6 percent after the company and T-Mobile US called off their merger talks. Fast Retailing advanced 2.2 percent on reporting an 8.9 percent rise in same-store sales for October. Automaker Mazda Motor slumped 4.3 percent after posting disappointing quarterly results.
In economic news, the latest survey from Nikkei showed that the services sector in Japan expanded at an accelerated pace in October to hit a 26-month high.
Australian shares ended marginally lower as gains in energy stocks were offset by losses in the financial sector after Westpac Banking Corp posted a weaker-than-expected net profit and warned the outlook is becoming more challenging.
The benchmark S&P/ASX 200 index slid 6.10 points or 0.10 percent to 5,953.80 while the broader All Ordinaries index ended largely unchanged at 6,027.20.
Lender Westpac shed 2.2 percent after announcing its annual results while ANZ shed half a percent after unveiling plans to close its retail banking business in Philippines. Commonwealth dropped half a percent and NAB declined 0.7 percent.
Energy stocks like Oil Search, Origin Energy, Santos and Woodside Petroleum rose between 0.8 percent and 1.3 percent after oil prices hit their highest levels since 2015 amid signs of tightening market conditions.
AGL Energy gained over 1 percent after it agreed to sell its digital metering subsidiary Active Stream to Ausgrid. Orica shares fell nearly 10 percent after the mining explosives maker maintained a cautious outlook for fiscal 2018. |
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| | Commodity, Currency Markets | | Crude oil futures are rising $0.32 to $55.96 a barrel after jumping $1.10 to $55.64 a barrel last Friday. Meanwhile, an ounce of gold is trading at $1,271.90, up $2.70 from the previous session’s close of $1,269.20. On Friday, gold fell $8.90.
On the currency front, the U.S. dollar is trading at 114.09 yen compared to the 114.07 yen it fetched at the close of New York trading on Friday. Against the euro, the dollar is valued at $1.1595 compared to last Friday’s $1.1608. |
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