What is it? Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? At 10:00am 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? It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders.

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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1. U.S. stocks were lower in early trading on Monday ahead of this week's Federal Reserve policy meeting and as Apple shares fell a day before it reports quarterly results.

The Fed is not seen raising rates at the two-day meeting but investors will scrutinize its statement on Wednesday for a bearing on when it will pull the trigger.

While Fed Chair Janet Yellen has said the central bank could raise rates this year, it will do so only if there are clear signs of sustained economic growth.

2. New U.S. single-family home sales fell to near a one-year low in September after two straight months of gains, suggesting a temporary cooling in the market for new houses.

The Commerce Department said on Monday sales dropped 11.5percent to a seasonally adjusted annual rate of 468,000 units, the lowest level since November 2014. August's sales pace was revised down to 529,000 units from the previously reported 552,000 units.

3. FOREX - The U.S. dollar slipped lower against its Canadian counterpart on Monday, after the release of disappointing U.S. housing data.

USD/CAD hit 1.3131 during early U.S. trade, the session low; the pair subsequently consolidated at 1.3151, edging down 0.13%.

4. COMMODITIES - The United States is now importing more foreign oil after years of declines. Low oil prices are forcing U.S. producers to scale back operations, leading domestic refineries to boost shipments from countries like Nigeria.

Total U.S. crude oil imports rose for three consecutive months this summer, from 5.6 percent of total imports in April to 11 percent in July, according to the latest data from the U.S. Energy Information Administration, a federal statistics agency. Until this year, the domestic energy boom had pushed crude imports down 20 percent between 2010 and 2014. But that dynamic is shifting as prices stay low due to an oversupply in global crude, the Wall Street Journal reported Monday.

5. Drugmaker Valeant Pharmaceuticals International Inc (TO:VRX) (N:VRX) laid out a detailed defense on Monday of its relationship with a little-known specialty pharmacy, but its arguments failed to calm all investors' concerns.

Valeant's shares were up about 1 percent in New York and Toronto after tumbling as much as 14 percent before normal trading hours. They had plunged 35 percent last week following a critical report by short-seller Citron Research, run by Andrew Left.

 

 

 

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Toyota recaptured the title of world's largest automaker from Volkswagen in the third quarter of 2015, suggesting that the Japanese automaker may retain the title for the full year.

German automaker Volkswagen had seized the top spot through the first six months of the year, edging closer to its long-running goal of becoming the globe's biggest vehicle manufacturer for a full calendar year.

But the goal may prove elusive — especially considering that Volkswagen's emissions scandal was revealed with less than two weeks to go in the third quarter, leaving little time to gauge the full impact at dealerships.

Toyota still dethroned Volkswagen, selling 7.498 million vehicles during the first nine months of the year, a 1.5% decline from the same period in 2014.

Volkswagen sold 7.431 million vehicles during the first nine months of the year, also representing a 1.5% decline.

Now, the fourth quarter reflects a crucial test for Volkswagen, which is facing numerous investigations and a hail of criticism over its installation of manipulative software on 11 million vehicles to cheat emissions tests.

The company has stopped selling the diesel cars involved in the scandal until it can deliver a fix, leaving dealers with a gaping hole in their lineup. That will ding sales, although Volkswagen is expected to discount vehicles to juice sales.

Several years ago, Volkswagen's former CEO, Martin Winterkorn, had charted a goal of becoming the world's largest automaker by 2018.

After the first sixth months of the year, Volkswagen had achieved that goal, outselling Toyota by 5.04 million to 5.02 million.

Meanwhile, General Motors, once the perennial No. 1, is now firmly entrenched in the No. 3. slot. The Detroit-based automaker sold 7.151 million vehicles during the first nine months of the year, down 1.3%.

 

 

 

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Investors can't seem to make up their minds whether to buy or sell following a stunning two-day rally last week.

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

 

1. Stock market overview

 

U.S. stock futures are looking a bit weak Monday while most major indexes in Europe are clawing back from early losses.

This follows two consecutive days of big stock market gains after the European Central Bank hinted at more stimulus to come and China's central bank cut rates. premarket stocks trading futures

Click chart for in-depth premarket data.

Chinese stocks moved up a bit Monday as investors got their first chance to react to Friday's rate cut. Other Asian markets ended with mixed results.

 


2. Earnings in focus

 

Xerox (XRX) is among a handful of companies reporting earnings before the opening bell.

After the close, investors will hear from another round of companies, including Cheesecake Factory (CAKE), Broadcom (BRCM) and Rent-A-Center (RCII).

 


3. Market movers

Natural gas, American Express: Natural gas futures are falling by 4% Monday morning to trade around $2.19 per million British thermal units. Prices have declined by nearly a quarter since the start of 2015.

Shares in American Express (AXP) and Symantec (SYMC) are dipping by about 2% in extended trading, which shares in PayPal (PYPL, Tech30) are edging higher.

 


4. Autos in focus

 

The United Auto Workers union announced late Sunday that it had reached a tentative agreement with General Motors (GM). The bargaining committee said it "secured significant gains and job security protections," and unanimously agreed to send the proposed agreement to local union leaders for a vote this week.

Volkswagen (VLKAY) has ceded the title of world's top automaker to Toyota (TM) as it struggles to contain an emissions scandal that is likely to dent sales further.

Toyota sold 7.49 million vehicles from January to September, compared to 7.43 million sold by Volkswagen over the same period. Volkswagen had surged past Toyota in the second quarter, but enjoyed just three months as No.1 before stumbling.

 

 

 

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What is it? Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? At 5:45pm Eastern Time

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

 

 

 

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What is it? It's a leading indicator of economic health because the sale of a new home triggers a wide-reaching ripple effect. For example, furniture and appliances are purchased for the home, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction.

When? At 10:00am Eastern Time

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

 

 

 

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