What is it? It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.

When? At 4:30am Eastern Time.

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

 

 

 

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1. Wall Street was little changed at the open on Monday as investors braced for a busy week of quarterly results from major U.S. banks and several Dow 30 companies.

At 9:30 a.m. EDT, the Dow Jones industrial average (DJI) was up 10.09 points, or 0.06 percent, at 17,094.58, the S&P 500 (SPX) was up 1.09 points, or 0.05 percent, at 2,015.98 and the Nasdaq composite (IXIC) was up 9.91 points, or 0.21 percent, at 4,840.38.

2. There could be sufficient economic data for the Federal Reserve to consider a rate hike at their meeting later in October but there will be a lot more data on hand in time for the December meeting, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday.

"I think October is a live meeting, clearly there is the potential that the data coming in, in advance of the October meeting will be sufficient … we have a lot more in December," he said following a speech to a university association in Orlando, Florida.

3. The U.S. dollar edged lower against its Canadian counterpart on Monday, hovering close to a two-month trough as the minutes of the Federal Reserve's latest policy meeting continued to dampen demand for the greenback.

Trading volumes were expected to remain thin on Monday, with U.S. markets closed for a national holiday.

4. Gold futures rose to the highest level since August on Monday, as doubts over whether the Federal Reserve will hike interest rates before the end of the year boosted the appeal of the precious metal.

Gold for December delivery on the Comex division of the New York Mercantile Exchange hit an intraday peak of $1,168.60 a troy ounce, the most since August 24, before trading at $1,166.30 during U.S. morning hours, up $10.40, or 0.9%.

5. Crude oil futures reversed earlier gains to trade lower on Monday, following the release of the latest supply estimates from the Organization of the Petroleum Exporting Countries.

On the ICE Futures Exchange in London, Brent oil for December delivery shed 56 cents, or 1.07%, to trade at $52.35 a barrel during U.S. morning hours after rising by as much as 1.32% earlier in the session.

 

 

 

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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 mover

 

EMC: Shares in data storage firm EMC Corp (EMC) are rising by about 7% in extended trading based on reports saying Dell is set to announce it will take over the company, which is currently valued above $50 billion.

If the takeover happens, it would be the biggest tech deal ever, and among the top 40 M&A deals of all time.


2. Global markets overview

 

Stock markets around the world are middling right now. U.S. stock futures are trading around where they left off on Friday.

European markets are vacillating between minor gains and losses.

Asian markets mostly ended with gains. Chinese stock markets were standout stars as the Shanghai Composite jumped 3.3% and the volatile Shenzhen index surged 4.2%.

In Turkey, the main stock market and national currency are roughly stable after two deadly bomb blasts tore through crowds taking part in a peace rally in the capital over the weekend. At least 97 people died in the attack.


3. Weekly market recap

 

U.S. markets notched a good week. The Dow Jones industrial average rose by 3.7% over the past five trading days. The S&P 500 gained 3.3% and the Nasdaq jumped 2.6%.


4. Oil prices pushing up

 

West Texas Intermediate oil futures traded close to the highest level since July on Monday, amid indications U.S. oil drillers are cutting back on production following a collapse in prices over the summer.

Crude oil for delivery in November on the New York Mercantile Exchange tacked on 24 cents, or 0.48%, to trade at $49.87 a barrel during European morning hours.

There will be no floor trading on the Nymex on Monday because of the Columbus Day holiday in the U.S. All electronic transactions will be booked with Tuesday's trades for settlement.

 

 

 

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What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

When? At 8:30pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the AUD 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 1:20pm Eastern Time.

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

 

 

 

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World stocks rallied on Friday, putting them on course for their biggest weekly rise in four years after minutes of the Federal Reserve's last policy meeting showed the U.S. central bank is in no rush to raise interest rates.

Investors' relief that the Fed probably won't move until next year saw them take on more risk across the board, with commodities in particular recovering some of their recent heavy losses to chalk up their biggest gains in years.

Brent crude oil was on track for its biggest weekly rise since March 2009, while zinc soared 9 percent - its biggest daily gain for seven years - after troubled mining giant Glencore (LONDON:GLEN) said it would cut production.

Glencore shares themselves surged 12 percent, meaning they were up 41 percent on the week - their biggest weekly rise since being floated in mid-2011 - and doubling from the record low reached only two weeks ago.

At midday in Europe, the MSCI world equity index was up 0.8 percent. That was the eighth rise in a row, and put the index up 4.5 percent on the week, its best performance since late 2011.

 

 

 

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Oil prices are back above $50 per barrel and it looks like the Dow could extend a winning rally that began 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. Market overview

 

U.S. stock futures are sitting around the levels where they closed on Thursday while global markets rally.

European markets are all up in early trading, boosted by mining and energy companies.

Germany's DAX index is rising 1% Friday.

Asian markets ended the session with gains.

Minutes from the September meeting of the Federal Reserve came out Thursday afternoon, revealing the Fed was worried about the impact of the slowing global economy when considering whether to raise interest rates.

These minutes pushed the dollar down and gave a boost to commodities.

Crude oil futures are now trading around $50.40 per share.


2. Stock market movers

 

Alcoa, Gap, Glencore: Shares in Alcoa (AA) look set to drop by 4% at the open after the company reported a disappointing set of earnings on Thursday evening.

Investors were unimpressed by a 5-week sales report from Gap (GPS) and shares are dipping by about 6% in extended trading.

The battered mining giant Glencore (GLCNF) announced Friday it will cut its zinc production by a third. The cutback will see the world's zinc output drop by 4%. Investors responded by bidding shares up by 8% in London. Glencore's shares have more than halved this year as investors worry about low commodity prices.


3. Listening to Lima

 

Hot shots from the International Monetary Fund and the World Bank have converged for a big annual meeting in Peru's capital city. Investors are paying very close attention.

"Sideline commentary from global policymakers ... may disrupt otherwise quiet consolidation into the end of the week," said Ilya Spivak, currency strategist at DailyFX.

On Thursday evening, the IMF's managing director Christine Lagarde called China's economic slowdown "healthy", saying it was the result of much-needed reforms.

The IMF had downgraded its world growth forecast earlier this week.

The meeting concludes Saturday.


4. Thursday market recap

Markets were up Thursday. The Dow Jones industrial average rose 0.8%, the S&P 500 climbed 0.9% and the Nasdaq added 0.4%.

 

 

 

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1. U.S. stocks opened lower on Thursday ahead of the minutes of the Federal Reserve's September meeting that investors are counting on to provide insight into the Fed's thinking on interest rates.

The Dow Jones industrial average fell 19.01 points, or 0.11 percent, to 16,893.28. The S&P 500 lost 4.51 points, or 0.23 percent, to 1,991.32 and the Nasdaq composite index dropped 16.20 points, or 0.34 percent, to 4,774.95.

2. The number of Americans filing new applications for jobless benefits fell more than expected to near a 42-year low last week, pointing to ongoing tightening in the labor market despite the recent slowdown in hiring.

The data released on Thursday provides an upbeat check on the health of the labor market after last week's monthly employment report increased doubts the Federal Reserve would raise interest rates by the end of this year.

3. U.S. holiday season sales will increase by 3.7 percent in 2015, marking slightly slower growth than last year as consumers fret about a potential government shutdown and sluggish income growth, the leading retail industry group said on Thursday.

The National Retail Federation (NRF) forecast sales from November to December 2015 at $630.5 billion, excluding autos, gas and restaurant sales. The growth rate would be significantly higher than the 10-year average of 2.5 percent, though slower than the 4.1 percent increase in 2014, the NRF said.

4. The dollar pared losses against the other major currencies on Wednesday, easing off a three-week trough after data showed that the number of people who filed for unemployment assistance in the U.S. fell more than expected last week.

The dollar was steady against the yen, with USD/JPY at 119.93.

The Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 3 fell by 13,000 to 263,000 from the previous week’s downwardly revised total of 276,000.

5. Oil prices held steady after surrendering early gains on Thursday, as an unexpectedly large rise in U.S. inventory levels dented some of the recent optimism that the oversupply plaguing the market could soon vanish.

U.S. crude stocks rose by 3.1 million barrels to 461 million last week as refineries cut output and idled capacity. Analysts had expected a rise of 2.2 million barrels.

 

 

 

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