1. U.S. stocks opened higher on Friday, a day after hitting an 8-week high, underpinned by better-than-expected third-quarter earnings from industrial majors General Electric (N:GE) and Honeywell.
The Dow Jones industrial average (DJI) rose 30.06 points, or 0.18 percent, to 17,171.81, the S&P 500 (SPX) gained 3.24 points, or 0.16 percent, to 2,027.1 and the Nasdaq composite (IXIC) added 3.99 points, or 0.08 percent, to 4,874.09.
2. The U.S. dollar was higher against its Canadian counterpart on Friday, pulling away from a three-month low after the release of better-than-expected economic reports from both Canada and the U.S.
USD/CAD hit 1.2931 during early U.S. trade, the session high; the pair subsequently consolidated at 1.2905, gaining 0.37%.
The pair was likely to find support at 1.2719, the low of July 15 and resistance at 1.3039, Wednesday's high.
3. Oil prices rose on Friday, snapping a week-long decline as investors closed positions at the end of a volatile week that saw prices slide nearly 10 percent on renewed signs a global supply glut was here to stay.
Brent crude's new front-month December contract (LCOc1) was up 60 cents at $50.33 a barrel at 1338 GMT. November Brent expired at $48.71 on Thursday, down 44 cents on the day.
U.S. crude's front-month November contract (CLc1) traded 99 cents higher, or 2.13 percent, at $47.37 a barrel.
4. The dollar remained broadly higher against the other major currencies in quiet trade on Friday, as the previous session's upbeat U.S. data continued to support demand for the greenback and as investors eyed the release of additional U.S. economic reports later in the day.
The dollar was higher against the yen, with USD/JPY rising 0.16% to 119.08.
5. U.S. industrial production fell for a second straight month in September on renewed weakness in oil and gas drilling, the latest indication that the economy lost momentum in the third quarter.
Industrial output slipped 0.2 percent after a revised 0.1 percent dip in August, the Federal Reserve said on Friday.
Economists polled by Reuters had forecast industrial production slipping 0.2 percent last month after a previously reported 0.4 percent decline in August.
Industrial production rose at an annual rate of 1.8 percent in the third quarter.
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