Stock Futures Edge Higher Ahead of 'Crucial' Data

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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 ( EBAY ) and Amazon.com ( AMZN ) rose 3.17% and 1.10%, respectively, in pre-market trade. At the other end of the spectrum, Petrobras ( PBR ) 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.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: AMZN , EBAY , PBR

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