10 things you need to know before the opening bell
Here is what you need to know.1. The EU is preparing to delay Brexit until 2020 and British lawmakers are plotting to scupper Boris Johnson's deal. MPs are planning to push for a second referendum and attach a customs union to the prime minister's Brexit deal.
3. Facebook is reportedly open to currency-pegged stablecoins for Libra project. David Marcus, who heads the Libra project for Facebook, told a banking seminar the group's main goal remained to create a more efficient payments system, but it was open to looking at alternative approaches for the currency token it would use.4. China is seeking $2.4 billion in retaliatory sanctions against the United States for non-compliance with a WTO ruling in a tariffs case dating to the Obama era. WTO appeals judges said in July that the United States did not fully comply with a WTO ruling and could face Chinese sanctions if it does not remove tariffs on solar panels, wind towers, steel cylinders, and aluminum extrusions.
5. JPMorgan's Jamie Dimon dings Facebook's cryptocurrency Libra, saying it will never happen. Dimon didn't elaborate much further, but added: "We already have stablecoins, so they're not the first to do that."6. Donald Trump is endangering America's status as global leader, Christine Lagarde has warned. The incoming ECB boss discussed the US president, the trade war, Brexit, and other economic risks and uncertainties during a "60 Minutes" interview. 7. JPMorgan Chase has built a public policy center in DC and its first plan is to help people with criminal records get jobs. CEO Jamie Dimon told us why. JPMorgan Chase has launched its PolicyCenter in Washington, D.C., as the ambitious culmination of its growing corporate responsibility mission.
8. Stocks are nudging upwards. US futures underlying ther S&P 500 (+0.2%) and the Nasdaq (+0.3%) are both rising. In Europe, the DAX (+0.8%) and the Euro Stoxx 50 (+0.5%) are pushing upwards. In Asia, the Nikkei (+0.3%) closed higher, as did the Shanghai Composite (+0.1%) while the Hang Seng was flat.
9. There's a stack of earnings out through the day. SAP is the highlight.10. It's a quiet day for data. Market watchers, however, will be keeping an eye on Germany's producer price index.
- Commercial flights from Bareilly airport expected to start by December
- Arvind Kejriwal launches ‘Green Delhi’ app — Here’s how to download and use the application
- New air pollution laws in Delhi-NCR — Non-compliance could lead to ₹1 crore fine, 5 years in jail
- WPP won $1.6 billion worth of new business in Q3
- Former Gujarat CM Keshubhai Patel dead