International
Asia
- Asian stock indexes gained today on what investors perceived to be improving signs of global economic growth following positive U.S. and China economic data.
- The Nikkei advanced 1.7 percent; S&P/ASX 200 increased 0.05 percent; Hang Seng gained 1.33 percent; KOSPI rose 1.07 percent; the Shanghai Composite climbed 0.6 percent.
Europe
- European stock indexes dropped as investors awaited the U.S. nonfarm payroll data. Look for changes in the Vanguard MSCI Europe ETF (NYSEArca: VGK).
- PMI manufacturing for the EMU, Germany and France all came in below 50, a sign that manufacturing is contracting in the eurozone as a whole, but also in both of its largest economies.
Domestic
- U.S. stock futures pointed to a flat opening ahead of the release of October non-farm payroll data and factory order data.
- Analysts estimate that nonfarm payrolls increased by 125,000 in October after an increase of 114,000 in September. This would place the unemployment rate at 7.9 percent.
- Factory orders are expected to increase 4.9 percent in September from a 5.2 percent drop in August. The decline in August was due to a drop in aircraft orders.
Earnings
Chevron
- Third-quarter earnings – before market
- Estimated EPS = $2.83
- ETF Movements
? iShares Dow Jones U.S. Energy Sector Fund (NYSEArca: IYE)
? Vanguard Energy ETF (NYSEArca: VDE)
? Energy Select Sector SPDR (NYSEArca: XLE)
? iShares MSCI Global Energy Producers Fund (NYSEArca: FILL)
Commodities
All commodities news is as of 7:25 a.m. ET.
Gold and Silver Fell
- Gold dropped 0.38 percent, or $6.50, to $1,707.73. Expect decreases in the SPDR Gold Shares physical bullion ETF (NYSEArca: GLD).
- Silver descended 0.91 percent, or $0.29, to $31.98. Expect falls in the iShares Silver Trust (NYSEArca: SLV).
WTI and Brent Oil Declined
- The December contract for WTI crude oil slipped 0.80 percent, or $0.70, to $86.39 per barrel.
- The December contract for Brent crude oil fell 0.36 percent, or $0.39, to $107.78 per barrel.
- Expect decreases in the United States Oil Fund (NYSEArca: USO) and in the United States Brent Oil Fund (NYSEArca: BNO).
Fund Flows
None as of yet today
ETF Launches
None as of yet today
ETF Filings
None as of yet today
Economic Calendar
Domestic
- Employment Situation - 8:30 a.m. ET
- Factory Orders - 10:00 a.m. ET
Americas
- Canada
? Labour Force Survey - 8:30 a.m. ET
Europe
- France
? PMI Manufacturing Index - 4:50 a.m. ET
- Germany
? PMI Manufacturing Index - 4:55 a.m. ET
- EMU
? PMI Manufacturing Index - 5:00 a.m. ET
