A new week is starting with news bad news for Samsung.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
A new week is starting with news bad news for Samsung.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Samsung halts Note 7 production
1. Samsung halts Note 7 production
Samsung has stopped production of its troubled Galaxy Note 7 smartphone following reports that even replacement devices have burst into flames.
Soon after the Note 7 hit stores in August, some users reported that their phones were catching fire. Samsung (SSNLF) officially recalled the phones last month, blaming faulty batteries for overheating and causing the phones to ignite.
2. 'No deal' for Deutsche Bank
2. 'No deal' for Deutsche Bank
Deutsche Bank (DB) shares dropped 3% on Monday after Germany's Bild am Sonntag reported that talks between the bank and U.S. investigators failed to reach agreement on a pending fine.
The newspaper reported that CEO John Cryan met senior officials at the U.S. Department of Justice on Friday to discuss the huge fine the bank is expected to pay for trading in toxic mortgages before the global financial crisis.
3. Peso says no knockout for Clinton
3. Peso says no knockout for Clinton
So who won the second debate? The peso jumped as much as 2% against the dollar going into the event. But by the end, it had given up some of those gains, suggesting investors saw no clear winner from the bitter verbal showdown.
The currency's movements reflect investors' fears that the relationship between Mexico and the U.S. -- political and economic -- could be ruptured if Trump moves to the White House. Clinton maintains an overall lead in the peso poll -- it's jumped 4.8% since hitting an all-time low just before the first debate.
4.Global market overview
4. . Global market overview
U.S. stock futures are higher.
European markets are lower in early trading. Asian markets ended mixed in subdued trade. Hong Kong's Hang Seng and Tokyo's Nikkei were closed for public holidays. The Shanghai Composite jumped 1.5%.
Crude oil was trading 0.5% lower after Saudi Arabia's energy minister said that major oil producers were targeting a production cut during their meeting in November. He also said producers should not crimp supply too tightly.