Stock Futures Slightly Higher With Market Treading Water After Record Highs

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Stock futures are unchanged to fractionally higher and likely to be range-bound today with trading stifled by holidays in the U.S. and Europe as well as a dearth of economic news. Last week's benign jobs report (skewed by holiday-related hiring) coupled with a deluge of well-received IPOs and strong earnings should encourage more modest gains today.

European markets were underpinned by strong Chinese industrial production which increased a much better than expected 10.3% in October, while Japan's Nikkei closed higher thanks to a cheaper yen, offsetting the decline in Japan's business confidence index. Global equity markets are following the lead of the U.S. and are cautiously higher.



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This article appears in: Investing , Commodities

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