Angela Merkel's Election Performance Makes Investors Cautious
This is what you need to know on Monday:
1. Investors start the week on a cautious note and keep close tabs on the euro, which slipped in Asia trading after Chancellor Angela Merkel won a smaller-than-expected victory in Germany's federal elections and indicated a new government may not be in place until Christmas.
2. Japan's Prime Minister Shinzo Abe has indicated that he is ready to call a snap election amid rising tensions with North Korea.
3. Global oil prices held at multi-month highs after OPEC struck a confident tone on market rebalancing.
4. Wall Street futures are also trading modestly lower, with the Dow Jones Industrial Average priced for a 16-point, or 0.07%, pullback at the opening bell. Both the broader S&P 500 and the tech-focused Nasdaq are looking at similar percentage declines, based on early indicates from futures prices.
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