STOCK MARKET WATCH -- Monday, 4 November 2013

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12. Europe Stocks Advance With S&P 500 Futures as Metals Fall

http://www.bloomberg.com/news/2013-11-03/australian-futures-climb-after-u-s-jump-yen-holds-drop.html

European stocks and Standard & Poor’s 500 Index futures gained before data that will provide evidence on the strength of America’s economy. Industrial metals fell as Federal Reserve Bank of Dallas President Richard Fisher said the U.S. should resume normal monetary policy as soon as possible.

The Stoxx Europe 600 Index climbed 0.4 percent at 6:14 a.m. in New York. HSBC (HSBA) Holdings Plc advanced the most in two months after earnings jumped. S&P 500 futures added 0.2 percent after the gauge completed a fourth weekly rally in New York. Thai stocks fell the most in six weeks on concern anti-government protests will escalate. Australia’s dollar strengthened against all of its 16 major peers. Copper dropped 0.7 percent and gold retreated for a fifth day.

Orders placed with U.S. factories probably rose in September, economists said before reports this week on third-quarter gross domestic product and non-farm payrolls. Fisher, who has criticized the central bank’s bond buying program, said “we need to focus on transitioning back to having an interest-rate driven monetary policy.” Fed Governor Jerome Powell and Boston Fed President Eric Rosengren are set to speak today.

“The U.S. policy outlook is clouded,” Kit Juckes, global strategist at Societe Generale SA in London, said in an e-mailed report. “The data will decide what happens next, which puts the focus on third-quarter GDP and October payrolls at the end of the week.”