- Asian stock indexes slipped, as South Korean car manufacturers Hyundai and Kia lost ground. The sell-off in the two companies came on reports that they misled their customers about the gas mileage of their vehicles.
- The Nikkei fell 0.48 percent; S&P/ASX 200 rose 0.32 percent; Hang Seng dropped 0.47 percent; KOSPI declined 0.55 percent; the Shanghai Composite slipped 0.14 percent.
- European stock indexes dipped today before Tuesday's U.S. election, and as Greece worked tirelessly to obtain a bailout. Look for action in the Vanguard MSCI Europe ETF (NYSEArca: VGK).
- The service sector PMI in the U.K. in October fell from 52.2 in September to 50.6; analysts had expected a smaller drop, to 52. However, the data show that while the service sector is growing at a slower pace than anticipated, it is still growing.
- U.S. stock futures remain unchanged ahead of Tuesday's election. The market is also closely watching Greece's moves to obtain further financing.
- Analysts predict that the ISM non-manufacturing index will fall from 55.1 in September to 54.9 in October. Such a decline would suggest monthly orders are slowing down, but they would still be considered to be in growth territory.
No major earnings news today.
All commodities news is as of 7:45 a.m. ET.
Gold and Silver Climbed
- Gold rose 0.14 percent, or $2.28, to $1680.38. Expect increases in the SPDR Gold Shares physical bullion ETF (NYSEArca: GLD).
- Silver gained 0.10 percent, or $0.03, to $30.94. Keep an eye on the iShares Silver Trust (NYSEArca: SLV).
WTI and Brent Oil Advanced
- The November contract for WTI crude oil ascended 0.22 percent, or $0.19, to $85.05 per barrel.
- The November contract for Brent crude oil climbed 0.02 percent, or $0.02, to $105.70 per barrel.
- Expect increases in the United States Oil Fund (NYSEArca: USO) and in the United States Brent Oil Fund (NYSEArca: BNO).
On Friday, Nov. 2, 2012, the top ETF in nominal inflows was the SPDR S&P 500 (NYSEArca: SPY), with creations of $1.51 billion. The top ETF in nominal outflows was the iShares Russell 2000 (NYSEArca: IWM), with redemptions of $1.08 billion.
None as of yet today
None as of yet today
- ISM Non-Mfg Index - 10:00 a.m. ET
? CIPS/PMI Services Index - 4:30 a.m. ET
- New Zealand
? Labour cost index - 4:45 p.m. ET
? RBA Announcement - 10:30 p.m. ET