What is it? It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.

When? At 10:00am Eastern Time.

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

 

 

 

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1. Wall Street opened little changed on Tuesday as third-quarter earnings season gathered momentum with Verizon, Travelers and United Technologies (N:UTX) reporting their results.

The Dow Jones industrial average (DJI) fell 31.2 points, or 0.18 percent, to 17,199.34, the S&P 500 (SPX) lost 2.5 points, or 0.12 percent, to 2,031.16 and the Nasdaq composite (IXIC) dropped 5.01 points, or 0.1 percent, to 4,900.46.

2. The U.S. dollar edged lower against its Canadian counterpart on Tuesday, pulling away from a one-week peak as the release of mixed U.S. data dampened demand for the greenback, while a disappointing economic report from Canada limited the local currency's gains.

USD/CAD hit 1.2980 during early U.S. trade, the session low; the pair subsequently consolidated at 1.2979, sliding 0.31%.

3. Gold futures were little changed on Tuesday, after data showed the number of housing starts issued in the U.S. rose more than expected in September, while building permits fell more than forecast, painting a mixed picture of the economy and adding to uncertainty over the timing of a U.S. rate hike.

4. The number of housing starts issued in the U.S. rose more than expected in September, while building permits fell more than forecast, official data showed Tuesday.

In a report, the U.S. Commerce Department said that housing starts rose 6.5% to hit a seasonally adjusted 1.206 million units last month from August’s total of 1.132 million units. Analysts had expected a figure of 1.140 million.

5. U.S. natural gas futures extended gains from the prior session on Tuesday, as forecasts for chilly temperatures across key consumption regions of the U.S. boosted demand expectations for the fuel.

Natural gas for delivery in November on the New York Mercantile Exchange jumped 4.4 cents, or 1.8%, to trade at $2.487 per million British thermal units during U.S. morning hours.

 

 

 

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U.S. stock index futures were lower on Tuesday as prices of commodities fell on rekindled worries about demand from China.

* Investors are awaiting a barrage of quarterly results and a speech by Federal Reserve Chair Janet Yellen.

* Third-quarter company earnings are in full focus this week with Verizon (VZ.N), Yahoo (YHOO.O) and VMware (VMW.N) reporting results on Tuesday.

* Investors are pricing in tepid corporate performance for the quarter and watching out for outlook commentary as the effects of global financial turbulence hits American shores.

* S&P 500 companies are expected to show a 3.9 percent fall in third-quarter profit, according to Thomson Reuters data.

* U.S. stocks closed with slight gains on Monday as tech and biotech stocks advanced ahead of a heavy week of earnings.

* Brent crude fell on Tuesday but steadied around $48 a barrel and London copper prices slipped to two-week lows straining under an economic slowdown in China. [O/R] [MET/L]

* Exxon's shares (XOM.N) were down 1.8 percent at $80.99 premarket.

* IBM (IBM.N) fell 4.7 percent to $142.15 a day after it reported a bigger-than-expected fall in quarterly revenue and cut its full-year profit forecast.

* Sandisk (SNDK.O) jumped 8.1 percent to $77.82 after a Reuters report said Western Digital (WDC.O) was in advanced talks to buy the memory chipmaker, citing people familiar with the matter.

* Yum Brands (YUM.N) rose 4.3 percent to $74.76 after the fast food group said it was preparing to separate its China business.

* Travelers (TRV.N) rose 0.6 percent to $107.00 after it reported a rise in third-quarter profit. * Data on housing starts is scheduled for release on Tuesday at 8:30 a.m. ET. The data is expected to show 1.15 million units were started in September, up from the 1.13 million units in August.

* Yellen speaks at 11:00 a.m. ET. Fed Board Governor Jerome Powell is also scheduled to speak on Tuesday.

* S&P 500 e-minis ESc1 were down 7 points, or 0.35 percent, with 84,232 contracts traded.

* Nasdaq 100 e-minis NQc1 were down 12.5 points, or 0.28 percent, on volume of 13,227 contracts.

* Dow e-minis 1YMc1 were down 60 points, or 0.35 percent, with 11,349 contracts changing hands.

 

 

 

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Busy day ahead. 

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

 

1. Earnings season

 

A range of companies including Verizon (VZ, Tech30), Travelers (TRV) and Harley-Davidson (HOG) are reporting earnings this morning.

After the markets close, another batch of companies are reporting, including Chipotle (CMG) and Yahoo (YHOO, Tech30).

Shares in IBM (IBM, Tech30) are declining by about 4% premarket after the company posted disappointing quarterly results on Monday afternoon. Revenue came in below expectations, in part due to the slowdown in Asia.

 


2. Oh Canada

 

Canadians have voted in their first new leader in 10 years. Justin Trudeau is the son of a former Canadian prime minister. He led his Liberal party to a majority government, dealing a stunning blow to incumbent leader Stephen Harper.

The Toronto Stock Exchange could react sharply when trading opens.

 


3. Stocks in the spotlight

 

Sandisk, United: Takeover talk has sent Sandisk's (SNDK) share price climbing 8% premarket. Western Digital (WDC) is reportedly in serious talks to acquire the chipmaker and a deal could be announced this week. Micron (MU) had been considered another suitor for the firm.

Shares in United Continental Holdings (UAL) could be on the move Tuesday after the firm announced its general counsel Brett Hart would lead the company on an interim basis after the CEO suffered a heart attack last week and was put on medical leave.

"At this time, it is too soon to know the course of treatment and timing of recovery," the airline said.

Shares in Takata took a hit Tuesday in Japan -- down 3.4% -- on concerns that the company may be forced to expand a recall of its defective airbags in the U.S.

 


4. Stock market overview

 

U.S. stock futures are declining by about 0.3% and most European markets are dipping into the red in early trading.

Asian markets ended with mixed results.

On Monday, the Dow Jones industrial average edged up 0.1% and the Nasdaq added 0.4%. The S&P 500 didn't make any significant move.

 

 

 

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What is it? It's a leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income.

When? Tentative

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 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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