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Members
of the «Skipper» yacht club dressed as Ded Moroz, the Russian
equivalent of Santa Claus, and his granddaughter Snegurochka
(Snow Maiden) sail a yacht along the Yenisei River while marking
the end of the sailboat season, with the air temperature at about
minus 21 degrees Celsius (minus 5.8 degrees Fahrenheit), outside
the Siberian city of Krasnoyarsk, Russia.
Reuters/Ilya Naymushin
Here is what you need to know.
Stocks are at record highs. Monday marked the first
day of the recent rally in which the Dow, the Nasdaq, and the
S&P 500 all closed in record territory. The gains are likely
to continue early Tuesday, with the S&P 500 set to open near
2,205, up 0.5%.
A powerful earthquake rocked northern Japan. The
quake was measured at 6.9 and set off a tsunami with waves of up
to 3 feet high. The natural disasters hit Fukushima, the same
city that was devastated by the 2011 twin disasters.
Copper is on fire. The metal has gained more than
20% over the past month amid speculation in a «pick-up in
worldwide manufacturing and infrastructure spending,» Bloomberg
reports.
Crude oil nears $50. Oil prices are rallying as the
market continues to price in the possibility of a production cut
at the November 30 OPEC meeting. West Texas Intermediate crude
oil is higher by 0.6% at $48.53 a barrel.
The favorite to become the next French president wants Brexit to
be «fast.» Francois Fillon, the right-center
politician who will square off against Alain Juppé in the second
round of voting later this week, says the divorce «should be
fast» and leave Britain without its financial passport.
Investors are ditching bonds at the fastest rate in 3
years. Fears of higher interest rates and the return
of inflation have caused investors to sell bonds, concentrated in
emerging markets, at the fastest weekly pace since 2013.
Amazon is in talks to start streaming sports on
Prime. Amazon is in talks with several
organizations, including the NFL, the NBA, and MLB, to start a
«premium» sports package that will be streamed on Prime, The Wall
Street Journal reports.
Stock markets around
the world are higher. Hong Kong’s Hang Seng (+1.5%)
led the advance in Asia, and Britain’s FTSE (+1.0%) is out front
in Europe.
Earnings reporting continues. Barnes &
Noble, Campbell Soup, and Hormel Foods are among the companies
reporting ahead of the opening bell while GameStop, Hewlett
Packard Enterprise, and HP highlight the names releasing their
quarterly results after markets close.
US economic data is light. Existing-home sales
will be released at 10 a.m. ET. The US 10-year yield is down 2
basis points at 2.29%.
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