Stock Futures Slightly Higher With Market Treading Water After Record Highs

By Staff,

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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.

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

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
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