1. Japan election landslide: Investors are cheering a clear election victory by the ruling coalition of Japanese Prime Minister Shinzo Abe. The Nikkei stock index added 1%. Abe said Monday that his Liberal Democratic Party had won an outright majority in parliament.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -1.00 | | +11.50 | | +2.50 | | -0.00% | | +0.19% | | +0.10% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +239.01 | | +2.05 | | +9.06 | | 21,696.65 | | 3,380.70 | | 7,532.29 | | +1.11% | | +0.06% | | +0.12% | | | |
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| | | Biggest Winners | | Citigroup Inc | +1.28% | | | | DowDuPont Inc | +1.15% | | | | CVS Health Corp | +0.66% | | | | Advanced Micro Devices Inc | +0.65% | | | Biggest Losers | | General Electric Co | -2.06% | | | | TechnipFMC PLC | -0.24% | | | | Newmont Mining Corp | -0.13% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Japan election landslide; Chaos in Catalonia; European populism | By Ivana Kottasová
Monday, October 23rd, 5:06am | | | | 1. Japan election landslide: Investors are cheering a clear election victory by the ruling coalition of Japanese Prime Minister Shinzo Abe. | | | | The Nikkei stock index added 1%. Abe said Monday that his Liberal Democratic Party had won an outright majority in parliament. | | | | Japan's benchmark index has more than doubled since Abe came to power in 2012 and implemented his "Abenomics" economic reform program. | | | | The reforms, coupled with major action by the country's central bank, have helped push down the value of the yen. | | | | The Nikkei and yen often move in opposite directions because the index is heavy on exporters that benefit from a cheaper currency. | | | | 2. Chaos in Catalonia: The euro dropped against most major currencies as Catalonia spiraled deeper into political crisis. Spain's benchmark stock index opened 0.7% lower. | | | | Spanish Prime Minister Mariano Rajoy announced on Saturday that he plans to dissolve the Catalan parliament and remove the region's elected leaders. | | | | Catalan leaders insist they will reject any attempt by Madrid to impose direct rule. | | | | 3. Europe's populist threat: Billionaire tycoon Andrej Babis won a general election in the Czech Republic by a significant margin on Saturday. | | | | His success is the latest example of electoral gains by populist forces opposed to further European Union integration. Populists have also performed well in recent German and Austrian elections. | | | | The blue chip PX index in Prague opened 0.4% lower and the Czech koruna was down against most major currencies. | | | | 4. Global market overview: U.S. stock futures were flat. | | | | European markets opened mostly down, while Asian stocks ended the session mixed. | | | | The Dow Jones industrial average rallied 2% last week and closed at a new record on Friday. | | | | The S&P 500 and the Nasdaq also ended the week at all-time highs. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 5. Stock market movers: General Electric shares were lower premarket after it reported earnings last week that revealed its troubles are deeper than investors initially thought. | | | | 6. Earnings and economics: Halliburton, Hasbro, Kimberly-Clark and Philips will release earnings before the open, while Knoll, Logitech Intl SA and Whirlpool will follow after the close. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | Monday -- Hasbro
Tuesday -- AT&T, GM, Chipotle, Lockheed Martin, Caterpillar and McDonald's earnings
Wednesday -- Coca-Cola, Walgreens, Boeing and Visa earnings; ECNY luncheon with Wilbur Ross
Thursday -- Mattel, Twitter, Alphabet, Microsoft, Intel, Comcast, Ford, Southwest, American Airlines, Hershey, Xerox and Amazon earnings; ECB rate decision
Friday -- ExxonMobil, Chevron and Merck earnings; U.S. Q3 GDP | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $51.86 | +0.02 / +0.04% | | | Gold | $1,276.30 | -4.20 / -0.33% | | | 10-yr | 2.38% | +0.06 / +2.59% | | | Euro | $1.17 | -0.00 / -0.22% | | | |
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