A busy week of data and earnings reports
A REGIONAL summit, data releases and corporate earnings are set to provide investors with plenty to think about this week.
Asian markets may get a boost at the open, thanks to the US market's strong finish last Friday. The S&P 500 and Nasdaq ended at record highs following good jobs data and reports of trade talk progress from US and Chinese officials. The US economy added 128,000 jobs in October, well over the 85,000 forecasted.
The S&P 500 added 1 per cent to 3,066.91, and the Nasdaq's 1.1 per cent jump took it to 8,386.40. The Dow Jones Industrial Average rose 1.1 per cent as well, and closed at 27,347.36 or just 12 points below its all-time high.
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Companies & Markets
China’s Bank of Communications Q1 profit rises 1.44%
Huawei’s smart car tech offers automakers route to China sales
Electrolux Q1 loss nearly triples on weak demand but beats expectations
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals