The Dow Jones is expected to open on a cautious note (Nov 30, 2016) owing to slum in bond market and fall in the European markets. Market events impacting Dow Jones today are as follow
Rise in Oil prices:
Oil deal was clinched yesterday, it has lead to close to 8% rally in Oil prices. However, the focus know has to shifted to its implementation and sustainability of oil price at these levels with many pointing their doubts.
Fall in Global Bond Market:
Recent fall in global bond market has many investors feeling that the 30-year-old bull market in bonds have ended with a bang. This has made market edgy about a potential meltdown and its impact on a broader level
Rise in Chinese manufacturing PMI:
China stocks rose as data released on offical factory gauge showed it rising to 51.7 in November, while non-manufacturing PMI climbed to 54.7. However, the analysts still are concerned about the sustainability of growth amid uncertain regulatory environment
Data events today:
Lots of data will be released today starting from weekly jobless claims numbers, Markit manufacturing PMI, ISM manufacturing and U.S. auto-sales numbers for Nov’16
Hope above indicators help you in adjusting your market strategy for today and do visit our website tomorrow for daily market news impacting Dow Jones.