Top 5 things to know for today’s trading day in global markets.
1. Global markets down over rising uncertainty over U.S. election
Global stock markets were mostly lower on Monday, as investors were rattled by news that the FBI is planning to review more emails related to Democratic presidential candidate Hillary Clinton's private server, just a week before the election.
U.S. stock index futures pointed to a flat open on Monday morning, as traders eyed the release of key data, while fresh uncertainty over the outcome of the U.S. presidential election weighed on market sentiment.
The Commerce Department will release its core personal consumption expenditure (PCE) index for September, along with personal income and spending for the same month at 11:30GMT. There is also Chicago PMI data at 12:45GMT.
Elsewhere, European and U.K. stocks edged lower in mid-morning trade, with lower oil prices weighing on energy shares and as revelations over the weekend increased uncertainty over the upcoming U.S. presidential election.
Earlier, Asian shares finished broadly lower, as a triple-whammy of concerns over the upcoming U.S. presidential election, weak Japanese data and lower oil prices weighed on sentiment.
2. USD bounces back after dropping on Clinton email probe
The U.S. dollar regained some ground following Friday’s selloff, which came after the FBI said it would review more emails related to Hillary Clinton's private email use, fueling worries about a surprise election outcome.
The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.2% at 98.51 early Monday, rebounding from Friday's low of 98.22.
3. Hopes for OPEC deal fade away
Skepticism over the implementation of a planned deal by OPEC to limit production continued to mount after a weekend meeting among global oil producers failed to cement an agreement to cut output.
Non-OPEC producers made no specific commitment on Saturday to join OPEC in limiting oil output levels to prop up prices, suggesting they wanted the oil producing group to solve its differences first.
On Friday, OPEC members failed to agree on how to put in place a global deal to limit production, following objections from Iran which has been reluctant to even freeze its output, sources said.
U.S. crude was down 11 cents, or 0.23%, to $48.59 a barrel, while Brent slipped 8 cents, or 0.16%, to $50.60 a barrel.
4. Euro zone inflation hits highest since June 2014
Euro zone inflation figures rose to the highest level since June 2014 this month, a welcome sign for the European Central Bank that its monetary policy is gradually eliminating the threat of deflation in the region.
The consumer price index rose to 0.5% in October, up from 0.4% in September.
Meanwhile, the euro zone's economy grew 0.3% in the third quarter, the same amount in the preceding quarter and bang in line with consensus forecasts.
5. Bank of Japan kicks off policy meeting
The Bank of Japan kicked off its two-day meeting on Monday, with a policy decision due during Asian hours on Tuesday.
A Reuters poll showed on Friday that the Japanese central bank is expected to keep its negative interest rate unchanged at -0.1%, while maintaining the 10-year government bond yield target at around 0.0% after overhauling its policy focus last month.
The poll also showed analysts expect the BOJ to maintain the net amount of Japanese government bonds it buys annually at around 80 trillion yen ($760.96 billion).