Markets Likely To Open Higher On Strong Global Cues - European Commentary []

Markets Likely To Open Higher On Strong Global Cues - European Commentary []
The major European index futures are pointing towards a higher opening for the markets on Monday. Global cues are also strong, with the U.S. stocks rallying Friday and the major markets across the Asia-Pacific region trading higher on Monday. However, crude prices have surged higher.

Markets Likely To Be Range-bound On Back Of Mixed Cues From Global Peers- European Commentary []
The major European index futures are pointing towards a lower opening for the markets on Monday. But some degree of support may come in from bargain hunting following two days of losses. Global cues are mixed, with the U.S. stocks settling modestly higher on Friday amid volatility and the major markets across the Asia-Pacific region trading sharply lower on Monday on renewed U.S. subprime worries following the resignation of Citigroup CEO Charles Prince.

BMO Capital Markets Comments US Business Activity Hanging Touch Against Housing And Credit Headwinds []
Sal Guatieri from BMO Capital Markets commented on Monday that U.S. business activity is hanging tough against the housing and credit headwinds, though the trend appears to be downwards. He stated that further weakness ahead should set the stage for more Fed easing in the New Year.

Swiss Franc Mixed In European Session []
The Swiss currency showed a mixed trading against its major counterparts during the early European deals on Monday. The franc edged lower versus the Pound and the euro, but was higher against the dollar and the yen.

Franc Choppy Against American Counterpart [USD/CHF]
The Swiss franc was choppy against its American counterpart in trading on Monday morning. The currency bounced between a high of 1.1505 and a low of 1.1572 as action progressed. The ISM non-manufacturing survey for October will be made public later in the day.

Stocks Close Higher Amid Volatile Trading - U.S. Commentary []
Stocks fought through a volatile session on Friday to finish with modest gains after concerns about financials eased late in the session.