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Posted by  in GE General

Market opening: The FTSE-100 is expected to open around 32 points higher this morning.

New York: Wall Street in the green, as minutes from the Fed’s meeting raised the possibility of an interest rate hike in December. The S&P 500 advanced 1.6%, led by the healthcare sector.

Asia: Equities are trading higher, taking positive cues from the Wall Street. In addition, an improvement in commodity prices lifted investor confidence. The Nikkei 225 rose 1.1%, as the Bank of Japan maintained its interest rates. The Hang Seng was trading 1.2% up at 7:00 am.

Continental Europe: Markets ended in the red amid security worries surrounding the Paris attacks last week, with the travel and leisure stocks incurring losses. France’s CAC 40 and Germany’s DAX shed 0.6% and 0.1%, respectively.

Crude Oil: Yesterday, Brent and WTI oil prices rose 1.3% and 0.2%, respectively. The spread between the two varieties stood at US$3.4 per barrel.

UK small caps: The FTSE AIM All-Share index closed 0.05% higher yesterday at 729.23.

US MBA mortgage applications, US housing starts

Today’s news – Eurozone construction output drops in September. As per the data released by Eurostat, construction output in the Eurozone fell 0.4% m-o-m in September, the first decline in three months, after a 0.5% rise in August. The weak data indicates struggle in the construction sector despite positive environment across other sectors.