US stock index futures fell in early trading on Monday, after major indexes posted their best week in months amid a stronger-than-expected start to the earnings season, Dow Jones Industrial Average futures fell 174 points or 0.5%, and S&P 500 futures were down 174 points, or 0.5%. By 0.5%, the Nasdaq 100 futures contract was down 0.5%.
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People’s Bank of China (PBOC) governor Yi Gang said the authorities can contain risks posed to the Chinese economy and financial system from the struggles of China Evergrande Group.<\/p>\n\n\n\n
The property developer’s trouble “casts a little bit of concern,” Mr Yi said at a virtual meeting of the Group-of-30 on Sunday (Oct 17). “Overall, we can contain the Evergrande risk.”<\/p>\n\n\n\n
Wall Street’s main indexes opened lower on Monday as China’s economic growth slowed while persistently rising oil prices fueled concerns about rising inflation.<\/p>\n\n\n\n
The Dow Jones Industrial Average fell 73.74 points, or 0.21 percent, to 35,221.02 points.<\/p>\n\n\n\n
The Standard & Poor’s 500 index opened 7.65 points, or 0.17 percent, to 4,463.72 points, and the Nasdaq Composite Index fell 57.60 points, or 0.39 percent, to 14,839.74 points.<\/p>\n\n\n\n
US factory production fell against expectations in September as auto production slumped amid an ongoing global shortage of semiconductors.<\/p>\n\n\n\n
The Federal Reserve said Monday that industrial production fell 0.7% last month.<\/p>\n\n\n\n
August data was revised down to show production declining 0.4% instead of rising 0.2% as previously reported.<\/p>\n\n\n\n
Economists polled by Reuters had expected output to rise 0.1%.<\/p>\n\n\n\n
West Texas Intermediate crude rose more than 1% to over $83 a barrel on Monday for the first time since October 2014 as demand continued to rise and amid a global energy crisis.<\/p>\n\n\n\n
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US stock index futures fell in early trading on Monday, after major indexes posted their best week in months amid a stronger-than-expected start to the earnings season, Dow Jones Industrial Average futures fell 174 points or 0.5%, and S&P 500 futures were down 174 points, or 0.5%. By 0.5%, the Nasdaq 100 futures contract was …<\/p>\n","protected":false},"author":9,"featured_media":52585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6928,6911,6864,6837],"class_list":["post-52904","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-euro","tag-europe","tag-european-stocks","tag-eurozone"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=52904"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52904\/revisions"}],"predecessor-version":[{"id":52905,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52904\/revisions\/52905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52585"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}