Modest Optimism Evident Even as key Events of Week Temper Mood
The major U.S. index futures are pointing to a higher opening on Monday, with sentiment suggesting modest strength, as a data heavy week unfolds. European stocks have gained some ground and crude oil prices are higher even as the dollar is mostly higher, except against commodity currencies. With very little domestic corporate news to influence trading, the focus shifts to two separate reports on regional manufacturing activity and pending home sales. That said, the mood could be held back by nervousness concerning several events scheduled for the week, including two central bank decisions, domestic non-farm payrolls report and several Fed speeches.
11/30/2015 4:09:39 PM Stocks fluctuated over the course of the trading day on Monday but maintained a negative bias for much of the session and ended mostly lower. The pullback on the day came after the major averages turned in a mixed performance last week.