Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Top 5 Things to Know This Morning

EconomyNov 05, 2015 06:10AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. 5 Things to Know This Morning - Here are the top five things you need to know this morning, Thursday, November 5:

1. U.S. dollar jumps to 3-month high

The U.S. dollar rallied to the highest level since August 7 against a basket of six other major currencies after comments by Federal Reserve Chair Janet Yellen bolstered expectations for a rate hike in December.

Testifying before the House Financial Services Committee on Wednesday, Yellen described the U.S. economy as "performing well" and an interest rate hike in December as a "live possibility" if upcoming economic data were supportive.

2. U.S. data in focus

The U.S. is to release a weekly report on initial jobless claims at 8:30AM ET Thursday, as well as data on nonfarm productivity and unit labor costs.

Market players are also focusing on Friday's U.S. nonfarm payrolls report. The consensus forecast is that the data will show jobs growth of 180,000 in October, following an increase of 142,000 in September, while the unemployment rate is forecast to hold steady at 5.1%.

A strong nonfarm payrolls report was likely to add to already growing expectations for a December rate hike, while a weak number could undermine the argument for an early rate increase.

3. U.S. earnings season continues

Madison Square Garden Co (N:MSG), Time Inc (N:TIME), Molson Coors Brewing Company (N:TAP), Celgene Corporation (O:CELG), Ralph Lauren (N:RL), SeaWorld Entertainment Inc (N:SEAS) and Kate Spade & Co (N:KATE) will report earnings ahead of the opening bell.

After the market closes, Walt Disney Company (N:DIS), News Corp (O:NWSA), Kraft Heinz Co (O:KHC), Shake Shack (N:SHAK), Monster Beverage (O:MNST), Weight Watchers (N:WTW), NVIDIA Corporation (O:NVDA) and Dreamworks Animation (O:DWA) are on the earnings docket.

4. Bank of England Super Thursday

The Bank of England will release its rate decision as well as minutes of its Monetary Policy Committee meeting and its quarterly inflation report at 12:00PM London time, or 7:00AM ET, on Thursday. No policy change in expected.

Last month, the Monetary Policy Committee voted 8-1 to keep rates on hold at a record low 0.5%. Most market players expect the BOE to begin slowly raising interest rates in mid-2016.

5. China stocks enter bull-market territory

Chinese stocks closed in bull-market territory on Thursday, as government support underpinned a rebound from China's $5 trillion summer stock market rout. The Shanghai Composite is up more than 20% since hitting a recent low on August 26, meeting the definition of a bull market.

Top 5 Things to Know This Morning

Related Articles

Top 5 Things to Watch in Markets in the Week Ahead
Top 5 Things to Watch in Markets in the Week Ahead By - May 29, 2022

By Noreen Burke -- With a turbulent month in equity markets drawing to a close, investors will be looking ahead to Friday’s nonfarm payrolls report which could help...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email