It’s Monday. Welcome back from the weekend.
Here are the four things you need to know before the opening bell rings in New York:
1. Markets on edge: U.S. stock futures are dipping down and international stock markets are mixed as investors figure that the U.S. Federal Reserve is set to hike interest rates next month, which will have a knock-on effect on bond yields and currencies around the world.
Traders are expecting a hike after the October jobs report on Friday came in much stronger than expected.
“Reaction to Friday’s U.S. labour market data might best be described as ‘edgy’,” said Kit Juckes, a global strategist at Societe Generale.
2. Stock market movers — Toshiba, Lufthansa: Shares in Toshiba took a 7.5% dive in Japan after the company posted a staggering loss in the first six months.
Toshiba (TOSBF) also said that it was suing five former executives — three former CEOs and two former CFOs — over alleged poor oversight that led to a $1.26 billion accounting scandal.
Shares in German air carrier Lufthansa (DLAKY) are declining by about 2.5% in Europe after striking staff forced the airline to cancel about 1,000 flights, affecting over 100,000 passengers.
4. Weekly market recap: Stock markets experienced a few bumps and jumps last week, but they ultimately ended in positive territory. The Dow Jones industrial average rose 1.4%, while the S&P 500 added 1% and the Nasdaq moved up 1.9%.