Hang Seng (Hong Kong): +0.26% today.
Australia: -0.80% today.
Nikkei 225 (Japan): +0.59% today.
Europe at mid-morning:
FTSE 100 (UK): +0.14% at 11:00 AM.
DAX (Germany): +0.2% at 12:00 PM
CAC 40 (France): -0.14% at 12:00 PM
SPY pre market open: +0.7% at 103.19 at 6:00 AM EST
QQQQ pre market open: +0.8% at 6:00 AM
Pre-market open, the indices are much stronger than the Europe. So it looks like a strong open this morning.
Economic Indicators: Institure of Supply Managers (ISM) service index is expected to reach 50 when announced today at 9:59 AM EST. Above 50 is expansion, below 50 is contraction.
Earnings Announcements: Robbins & Meyers (RBN) builds pumps, valves, and other equipment for oil wells and other industries, and Mosaic Corp (MOS) makes phosphate fertilizer, announce earnings after the close.
Friday’s Economic Surprises:The average workweek for September was 33 hours, not 33.1 hours as expected and average hourly earnings rose 0.01% not 0.2% and non-farm payrolls dropped by 263K rather than 180K. Combining all three reduces overall consumer income and hence spending.
Factory orders for August was expected to rise 0.7%, instead it fell 0.8%.
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