Day Trade Watchlist:
ADHD, DRC, BBSI, PBF, CBM, TOWR, KEM, HPTX, PKD, NEON, AT, SHLD
G20 Meetings: Sat-Sun. Finance ministers from the G20 countries gathered in Australia to discuss measures to improve economic growth in the Eurozone by an additional two per cent by 2018. Measures to fight black money and tax avoidance were also discussed in this forum. Last week’s meeting resolutions will initiate the next meeting at Brisbane in November.
Mario Draghi speaks: 9:00 am EST. ECB President Mario Draghi is scheduled to testify before the European Parliament’s Economic and Monetary Committee, in Brussels. Draghi may talk about the need for investments alongside governmental aid. Volatility is expected, especially if he touches the hot topics such as ABS and QE, which now seems more probable after the poor first TLTRO.
Chinese HSBC Flash Manufacturing PMI: 7:45 pm EST The world’s No. 2 is in the spotlight afterdisappointing industrial output data. This independent forward looking measure stood on 50.2 points in August, reflecting negligible growth. The preliminary figure for September is predicted to stand at 50 – the line separating growth from contraction.