What is it? It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

 

 

 

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What is it? As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? At 6:00am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.

 

 

 

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1. U.S. stocks opened lower on Monday after a swathe of weak results led by Morgan Stanley and Halliburton.

Morgan Stanley's shares (N:MS) fell 6.2 percent to $31.83 after the bank's profit fell for the second straight quarter. The stock was the second-largest drag on the S&P 500 index.

The bank's results capped mostly downbeat quarterly results from major U.S. banks with struggling trading businesses.

2. Crude oil futures were under pressure on Monday, after data showed China's economy expanded at its slowest pace since 2009 in the third quarter, underlining concerns over weak demand.

On the ICE Futures Exchange in London, Brent oil for December delivery tumbled $1.33, or 2.65%, to trade at $49.13 a barrel during U.S. morning hours. On Friday, Brent futures tacked on 73 cents, or 1.47%.

3. The U.S. dollar edged higher against its Canadian counterpart on Monday, as the greenback regained some ground after the release of mixed U.S. data on Friday dampened optimism over the strength of the economy.

USD/CAD hit 1.2947 during European afternoon trade, the pair's highest since October 14; the pair subsequently consolidated at 1.2942, rising 0.23%.

4. The dollar remained moderately higher against the other major currencies in subdued trade on Monday, as sentiment on the greenback was still fragile after the release of mixed U.S. economic reports on Friday.

The dollar was higher against the euro, with EUR/USD down 0.11% at 1.1333.

The preliminary reading of the University of Michigan’s consumer sentiment index came in at 92.1 on Friday, compared to forecasts of 89 and up from 87.2 in September.

But another report showed that U.S. industrial production declined 0.2% in September, pressured lower by weakness in the oil and gas sector.

5. European stock markets struggled and Wall Street looked set to open lower on Monday after U.S. bank Morgan Stanley reported a slump in quarterly profit, adding to signs of woe among the world's biggest banks.

The record third-quarter loss reported by Germany's Deutsche Bank (DE:DBKGn) earlier this month has refocused investors' minds on the big global banks after a decade of financial strife, regulation and technology-driven change.

 

 

 

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Actress and media magnate Oprah Winfrey will buy a 10 percent stake in Weight Watchers International Inc and join the company's board.

Shares of the weight management company jumped 37 percent to $9.30 in premarket trading on Monday.

Winfrey will buy nearly 6.4 million shares at Friday's closing price of $6.79 per share for $43.2 million, Weight Watchers said. She will also have options to acquire an additional 5 percent stake.

If Winfrey buys 15 percent of Weight Watchers, she will become the second-largest shareholder, after investment firm Invus Public Equities Advisors LLC, which owned a 51.5 percent stake as of June 30.

She will also advise the company on program development and future products.

Winfrey for years has spoken about her struggle with her weight and a thyroid problem that had led her to weigh 200 pounds in 2008.

Winfrey is one of the most popular talk-show hosts in history. She runs the cable network OWN, which she created in a joint venture with Discovery Communications Inc.

Weight Watchers, which provides online subscriptions for weight management and coaching, has seen its subscriber base drop in the face of free mobile weight management apps and fitness brands such as those of Fitbit Inc.

Weight Watchers, founded in 1963, will expand its purpose to help people lead healthier lives, from just focusing on weight loss, Chief Executive Jim Chambers said in a statement on Monday.

 

 

 

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A new trading week kicks off soon.

Investors are keeping an eye on China's economy, commodities and quarterly earnings.

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

 

1. Chinese GDP

 

China's economy has posted its slowest growth since the financial crisis, with gross domestic product expanding by 6.9% in the third quarter compared to the same period last year, according to official data.

The growth was slightly better than economists expected, but it marks a deceleration from the 7% expansion seen in the first half of the year.

Chinese government officials are aiming for annual growth of around 7%.

Meanwhile, some observers are concerned the official data is painting an unrealistically rosy picture.

"The GDP figure of 6.9% has restored fresh debates over the accuracy of China's growth statistics with fears that the GDP growth is even lower than what the official statistics dictate," said research analyst Lukman Otunuga at online broker FXTM.

 


2. Commodities slump

 

Global oil prices are slumping by about 1% and prices for precious metals and industrial metals are all declining.

As a result, shares in mining companies are taking a hit, especially in London.

Commodity prices tend to drop based on concerns about a slowing Chinese economy, since a slowdown in the world's second-biggest economy means lower global demand for construction products, shiny jewelry and fuel, among other things.

 


3. Earnings

 

Morgan Stanley (MS), Halliburton (HAL) and Hasbro (HAS) are some of the companies posting quarterly earnings before the markets open.

Then after trading finishes for the day, IBM (IBM, Tech30), Six Flags (SIX) and Sonic (SAH) will report.

 


4. Stock market overview

 

U.S. stock futures are not making any big moves ahead of the open. They're sitting around the levels where they closed on Friday.

European markets are mostly edging higher in early trading, while Asian markets ended with mixed results.

Last week the Dow Jones industrial average posted its third week of gains. It's risen by 5.7% since the start of October.

The S&P 500 and Nasdaq have also made impressive gains over the same period, up 5.9% and 5.8%, respectively.

 

 

 

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