Hang Seng (Hong Kong): +1.71% today.
Australia: +0.64 today; -0.07% today.
Nikkei 225 (Japan): +1.68% today.
Europe at mid-day:
FTSE 100 (UK): +0.77% at 11:34 AM.
DAX (Germany): +0.56% at 12:34 PM
CAC 40 (France): +0.48% at 12:34 PM
SPY pre market open: +0.2 at 107.52 at 6:54 AM
QQQQ pre market open: +0.0% at 6:54 AM
Economic Indicators:The number of housing starts for August is announced at 8:29 AM EST. It is expected to show that there were 583,000 housing starts compared to 581,000 in July. This number can be estimated from the number of building permits pulled the month before.
The number of building permits applied for in August is expected to be 598,000 compared to 564,000 in July. That should lead to a higher number of housing starts next month.
Initial claims for unemployment for last week comes out at 8:30 AM. It is expected to be 1% higher than last week at 5555,000 claims. The number of continuing claims is expected to rise slightly to 6.1 million
The Philadelphia Fed Index, like the Empire Manufacturing report, showed an end to the contraction of manufacturing in its region last month. Today, at 9:59 AM it is expected to show a slight pick up in the index to 8 from 4.2 last month.
Earnings Announcements: Discover Financial Services (DFS) smaller credit card processor, FedEx (FDX) second largest package delivery service, Pier 1 Imports (PIR), chain of home decorating stores, announce earnings before the market opens today.
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