Investing.com - U.S. stock futures pointed to a steady open on
Monday, as markets were eyeing the release of U.S. manufacturing
data later in the day, while an upbeat Chinese report lent some
Ahead of the open, the Dow Jones Industrial Average futures pointed
to a 0.04% rise, S&P 500 futures signaled a 0.01% gain, while
the Nasdaq 100 futures indicated a 0.18% increase.
A report earlier showed that China's final HSBC PMI inched up to
50.8 in November, up from a preliminary reading 50.4 and above
expectations for a reading of 50.5.
The data was published one day after a government report showed
that China's manufacturing PMI held steady at an 18-month high of
51.4 in November, compared to forecasts for a decline to 51.1.
Retailers were expected to be in focus, after the first spending
decline on a Black Friday weekend since 2009 reinforced projections
for a lackluster holiday.
According to the National Retail Federation, purchases at stores
and websites fell 2.9% to USD57.4 billion during the four days
beginning November 28.
Separately, Amazon.com advanced 0.73% in pre-market trade amid
reports the company is testing drones to deliver goods in a move to
improve efficiency and speed in getting products to consumers.
In the tech sector, Apple climbed 0.41%, still supported by last
week's reports that the company sold three of every four
smartphones in Japan in October after the country's largest
carrier, NTT Docomo, began carrying the iPhone. Apple won 76% of
Japanese smartphone sales in October.
Other stocks likely to be active included BP, after the Financial
Times reported that the oil giant expects a surge in compensation
payments for the 2010 Deepwater Horizon disaster, after a near-two
The oil giant dipped 0.04% in early trading.
Across the Atlantic, European stock markets were mixed to lower.
The EURO STOXX 50 shed 0.42%, France's CAC 40 slid 0.37%, Germany's
DAX inched up 0.01%, while Britain's FTSE 100 retreated 0.70%.
During the Asian trading session, Hong Kong's Hang Seng Index
climbed 0.66%, while Japan's Nikkei 225 Index eased 0.04%.
Later in the day, Federal Reserve Chairman Ben Bernanke was to
speak at an event in Washington, while the Institute of Supply
Management is to release its manufacturing PMI.
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