U.S. stock futures turned lower Monday ahead of data on manufacturing and construction and as Wall Street geared up for the jobs report for September at the of the week.
S&P 500 futures fell 0.15%, Dow Jones Industrial Average futures slipped 0.1%, and Nasdaq futures declined 0.1%..
The ISM Manufacturing Index and data on construction spending will be released shortly after the markets open Monday.
The S&P 500 gained 0.8% on Friday, the Dow rose 0.91%, and the Nasdaq added 0.81%. The S&P 500 closed September with small gains and rose 4% in the third quarter. Stocks got a lift as Deutsche Bank (DB) - Get Report shares staged a big comeback and crude oil added to a recent rally.
On Monday, shares of Germany's largest bank edged lower in premarket trading after The Wall Street Journal reported that Deutsche Bank's talks with the U.S. Justice Department to settle a high-profile set of mortgage-securities cases were moving forward but haven't progressed to a degree that a proposed deal has reached senior-level review at the DOJ or with Deutsche Bank's supervisory board.
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Crude oil prices in the U.S. Monday gained 0.7% to $48.59 a barrel. Oil rose 0.3% on Friday, holding at a one-month high achieved a day earlier.
Stocks in London rose but the pound fell against the dollar and the euro after British Prime Minister Theresa May said she will invoke Article 50 by the end of March, which would set Brexit in motion and would trigger a two-year process for negotiating the U.K.'s retreat from the European Union.
Japan's Nikkei 225 gained 0.9% after a disappointing economic survey from Japan fanned hopes of further rate cuts for the world's third-largest economy.
Tesla (TSLA) - Get Report shares rose 3.7% after the electric carmaker said global deliveries of its cars more than doubled in the third quarter to 24,500 from a year earlier. It was Tesla's best sales quarter ever.
Gannett's (GCI) - Get Report acquisition of Tronc, which publishes the Los Angeles Times, the Chicago Tribune and the Baltimore Sun, could be announced as early as Monday, according to a report in Politico Magazine.
Bass Pro Shops agreed to buy Cabela's (CAB) in a deal valued at $5.5 billion. Cabela's shares rose 14.7% in premarket trading on Monday to $62.99. Bass Pro Shops offered to buy Cabela's for $65.50 a share.
Janus Capital (JNS) , the fund management firm, reached a deal to merge with the U.K.'s Henderson Group (HNDGF) and form a company with assets under management of about $320 billion.