Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- U.S. stock futures were pointing to a slightly higher open for Wall Street Monday after data showed an expansion of manufacturing in China in November.
European shares rose while Asian stocks ended Monday's trading session mixed. Japan Nikkei 225 index rose 0.1% to close at 9,458.18. The Shanghai Composite Index fell 1% despite the first expansion in Chinese manufacturing in 13 months.
The economic calendar in the U.S. Monday includes the Institute of Supply Management's Purchasing Managers' Index for November at 10 a.m. EST and the construction spending report for October at 10 a.m.
U.S. stocks on Friday ended mostly flat, as investors watched signs of gridlock in talks on the so-called fiscal cliff. The Dow Jones Industrial Average added 3 points, or 0.02%, to finish at 13,025. The blue-chip index gained 0.12% for this week.
Delta Air Lines (DAL) has reached out to Singapore Airlines (SINGY) about purchasing the Asian carrier's 49% stake in Virgin Atlantic Airways, according to reports.
Bank of America (BAC) is putting off plans to revamp its lineup of bank accounts, and thereby increase monthly fees for some checking accounts, the Journal reported.
November sales reports from automakers such as Ford (F) and General Motors (GM) are expected throughout the day Monday.
Gravel supplier Martin Marietta Materials (MLM) is likely to explore a friendly offer for rival Vulcan Materials (VMC) rather than launch another hostile takeover attempt, the Journal reported, citing people familiar with the decision.
LDK Solar (LDK) posted a third-quarter loss of $136.9 million, or $1.08 per American depositary share, compared with a year-earlier loss of $114.5 million, or 87 cents per ADS.
Pep Boys (PBY) is seen earnings 13 cents a share in the third quarter on revenue of $527.7 million.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: tips@thestreet.com.
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