Five things to watch on Wall Street on Monday

Here we have the five main issues to be observed on Monday in the financial markets.

1. Wall Street evokes recovery attempt after last week's collapse

US equity futures herald an opening of the week on the rise, pushing up key indices, while investors are attracting lot of bottom-line results companies.

About a quarter of S & P 500 companies report their results in the last week of reporting Wall Street third quarter results, highlighting reports from Apple (NASDAQ: AAPL) and Facebook (NASDAQ: FB).

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At 11:45 (CET), Dow's futures were up 50 points, or about 0.2%, of the S & P 500 Index rising 8 points , or about 0.3%, and those of Nasdaq 100, 55 points or only 0.8%.

Shares fell sharply Friday, while investors are dealing with another day. volatility on Wall Street, after the S & P 500 will experience its lowest close since early May, flirting with the territory of the correction.

2. IBM Acquires Red Hat for $ 34 Billion

IBM (NYSE: IBM) Acquires Red Hat (NYSE: RHT), One of the Largest Distributors of Open Source Software and Technology, as Part of the US $ 34,000 million contract awarded

According to an announcement on Sunday, IBM, which has a market capitalization of $ 114,000 million, will pay $ 190 per share to acquire Red Hat, a premium of issue of 63.38 USD at closing on Friday at 116.38 USD.

The acquisition is by far the largest transaction in IBM's history, and the third largest in the history of the US technology sector.

3. The dollar remains close to the peaks at 10 weeks

The dollar has increased significantly against other major currencies, while remaining close to the peaks at 10 weeks.

The dollar index, which tracks the evolution of this currency against a basket of six other major currencies, rose 0.2% to 96.33, not far from the recorded highs in the last 10 weeks of Friday at 96.62.

On the other hand, among the currencies, the euro. after German Chancellor Angela Merkel was confronted with the demand of her own conservatives to give up the leadership of the party, further weakening her authority after the terrible defeat won in regional elections.

lost ground against the greenback as investors wait for the announcement of the fall budget of British Chancellor Philip Hammond.

4. Oil drops

As for commodities, gold prices began the week down, the stock market slump and worries about global growth have compromised demand forecasts for fuel.

West Texas Intermediate oil futures fell 0.8% or 54 cents to $ 67.06.

On the other hand, Brent crude oil fell 0.8% or 63 cents to settle at 77.03 dollars.

Losses have been limited because impending sanctions imposed by the United States on Iran, the third largest producer of the Organization of Petroleum Exporting Countries (OPEC), are likely to lead to market adjustment.

5. Pending US data on PCE inflation

In the current economic program, investors will know more about the state of consumption in the United States. personal income and expenditure data for September are released at 2:30 pm (CET).

Economists expect a 0.4% increase in personal income from the previous month and an increase in spending. According to estimates, 0.4% also.

The personal consumption inflation index (PCE), the Fed's preferred measure of inflation, will also be released during this day.

the report will indicate that the underlying price index of the ECP rose by 0.1% last month. In annual terms, the PCE price index should have increased by 2%. (Investing.com)