U.S. stock futures and a broad swathe of commodities moved higher on Monday, as comments from a Federal Reserve member about continuing an asset purchase program caused investors to exit the greenback to reinvest elsewhere.
Among the shares expected to see active trade in Monday's session are the oil companies as well as Cadbury, iBasis, LDK Solar, J.M. Smucker, Tech Data, Terra, Tyson Foods, and TowerJazz.
U.S. stock futures and a broad swathe of commodities move higher on Monday, as comments from a Federal Reserve member who will vote next year causes investors to exit the greenback to reinvest elsewhere.
Ciena reportedly has won a auction to buy the optical networking and carrier Ethernet business of bankrupt Canadian firm Nortel Networks, beating out joint venture Nokia Siemens Networks, amid questions about integration risk and taking on additional debt.
A U.S. Federal Reserve official’s call to extend the central bank’s asset-purchase plan beyond its planned expiration data put pressure on the U.S. dollar Monday, with traders quick to book small profits scored on the greenback last week.
Crude futures reclaim $78 a barrel as Iran kicks off large-scale war games aimed at defending its nuclear facilities, heightening global political tensions.