Dow Futures

 Dow Futures contract was down 135 points, or 0.4%, at 06:40 ET (10:40 GMT), the S&P 500 Futures contract was down 23 points, or 0.5%, and the Nasdaq 100 Futures contract was down 105 points, or 0.7%.

1. Futures fall amid Middle East unrest, yet oil rises – what’s driving markets? 
2. Dow futures fall; rising oil costs add to inflation fears 
3. Wall Street debates the Middle East situation and its ramifications for the markets.
4. Premarket U.S. defense stocks rise as the Israel-Palestine crisis heats up.
5. Alphabet reduces its HR and recruitment staff as part of a strategic move.
6. BlackRock’s vice chairman warns of a new economic reality in the face of slowing global growth.
7. The expiration of the lock-in period for pre-listing stockholders could result in a 2,10,782.40 crore outflow.
8. JPMorgan Chase mandates remote labor in Israel as the crisis escalates.
9. Vitesse Energy Makes Several Acquisitions and Revises Guidance
10. Due to the Middle East unrest, major airlines have suspended flights.
11. Futures are falling as a result of the Middle East war, which has prompted a rush for safe-haven assets. 
12. As the Middle East conflict intensifies, oil prices skyrocket due to supply concerns. 
13. This week’s highlights include the start of the earnings season and September inflation figures. 
14. Birkenstock intends to price its IPO at the top of the range, according to sources. 
15. Nelson Peltz, who owns a $2.5 billion interest in Disney, is looking for board seats. – WSJ 
16. In Texas, the head of Exxon’s shale oil business faces a sexual assault complaint. 
17. Mirati Therapeutics will be acquired by Bristol-Myers Squibb for $5.8 billion. 
18. UAW employees reject Mack Trucks’ contract and plan to strike. 
19. Tesla’s China-made EV sales volume fell 10.9% year on year in September.  

GLOBAL NEWS 

1. European market futures are mainly lower; oil is soaring due to the Middle East turmoil. 
2. The ASX is up for the third day in a row, buoyed by gold and oil equities amid Middle East tensions. 
3. Evercore ISI improves Oracle as a stock pullback provides a buying opportunity. 
4. The merger of Schaeffler and Vitesco affects shares and aims for €25 billion in yearly sales.
5. The Treasury lawyer believes Brazil will exceed revenue projections for tax disputes. 
6. As a result of the battle, European airlines cease flights to Israel, and stock values fall. 
7. Spaldy Investments becomes majority stakeholder after Metro Bank receives £925 million in investment. 
8. Following the approval of a new web-based platform, MCX shares reached a 52-week high. 
9. The dollar and yen rise on the journey to safety as the Hamas onslaught disturbs nerves. 
10. Oil prices rise as market volatility in the Middle East. 
11. Markets are shook by the bloodshed in the Middle East, and oil prices are rising. 
12. China aims for a 50% increase in processing power in the contest against the United States. 
13. In August, German industrial output fell somewhat more than projected. 
14. The Bank of Israel will sell $30 billion in foreign currency to stabilize the shekel in the midst of the Gaza battle. 
15. According to a trade union, the Commonwealth Bank of Australia has slashed 192 back-office jobs. 
16. Beijing Hyundai Motor has reduced the asking price for its China auto facility by 30%. 
17. Citigroup will sell its consumer wealth business in China to HSBC. 
18. The Australian stock market is on the rise, and commodities prices are rising. 
19. The Israeli shekel has dropped to an almost 8-year low. 
20. Evergrande’s $500 million EV share sale has been postponed, and the stock will resume trading. 
21. Russian rouble tumbles to over 18-month low vs dollar

 Economic data

September Nonfarm Payrolls increased 336,000, well above the est. 170,000 and Private Payrolls added 263,000 vs. est. 160,000. Manufacturing Payrolls 17K vs. est. 5K. The unemployment rate steady at 3.8% vs. est. to fall to 3.7%. September average hourly earnings for all private workers +0.2% from the prior month (below consensus +0.3%) and on a Y/Y basis rose 4.2% vs. est. 4.3%. 

Global Economic Data

·     The Israeli government formally declared war Sunday against Hamas following the surprise attack against them this weekend, as the military tried to crush fighters still in southern towns and intensified its bombardment of the Gaza Strip. The toll passed 1,100 dead and thousands wounded on both sides.

·     Defense Secretary Lloyd Austin said Sunday he has ordered the Ford carrier strike group to sail to the eastern Mediterranean to be ready to assist Israel after the attack by Hamas that has left more than 1,000 dead on both sides.

·     Iranian security officials helped plan Hamas’s Saturday surprise attack on Israel and gave the green light for the assault at a meeting in Beirut last Monday, according to senior members of Hamas and Hezbollah, another Iran-backed militant group

Economic Calendar

8:00 AM ET                  Fed’s Barr Speaks at American Bankers Association Conference

9:00 AM ET                  Fed’s Logan Speaks on US Outlook, Monetary Policy

10:00 AM ET                Employment Trends for September

12:50 PM ET                Fed’s Jefferson Speaks at NABE Conference

Upcoming Weekly IPO Calendar:

 Birkenstock (BIRK) 32.3M share IPO expected to price between $44-$49 per share.

Must read book about investing – check here

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