Today’s Big Picture
Equities in Asia started this rather busy week off on a positive note with Japan’s Nikkei rising 1.5% and Hong Kong’s Hang Seng up 1.5% while China’s Shanghai Composite was flat on the day. By mid-day trading, equities in Europe were positive across the board and U.S. futures point to a jump higher later this morning when those markets open.
A confluence of factors, including the October PMI and ISM data, the 2020 presidential election, the culmination of the Federal Reserve’s latest monetary policy meeting, and ongoing Brexit talks that are slated to conclude midweek, make the coming week one of the busiest and potentially pivotal ones we’ve seen in some time. Capping it off will be Friday’s October U.S. Employment Report….
