US stock futures edged higher Monday as investors look ahead to
a week of what the National Bank calls "crucial data" and as the
market digests the Black Friday holiday sales.
At 8:58 a.m. the final Markit Manufacturing PMI for November is
expected to stay at 54.3 and at 10:00 a.m. the ISM manufacturing
index is likely to have declined in November to 55.0 from 56.4
after passing through the October government shutdown mostly
unscathed. Later in the week the market is waiting for a second
look at Q3 GDP as well as the November payroll report.
On the official Cyber Monday sales day, online retailers Ebay (
) and Amazon.com (
) rose 3.17% and 1.10%, respectively, in pre-market trade. At the
other end of the spectrum, Petrobras (
) slumped 9.35% after reports it is eliminating fuel subsidies as
part of its new pricing strategy. The company did not explain how
this would impact it.
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