Business News

Japanese Stocks Hit 21-yr High Point

Investors will hear Q3 results from 189 members of the S&P 500 in the coming days, marking the biggest week of earnings season and one that is sure to move markets. The group also includes 12 of the 30 companies that make up the Dow industrials. As the market rambles on, October is shaping up to be one of the best months of the year. The Dow is up about 4% for the month, suggesting that stocks could end the year with some serious momentum. (SA)


Shinzo Abe's convincing election victory lifted Japanese stocks to their highest in 21 years, with the prime minister on track to become Japan's longest-serving leader. The super majority will extend the lifespan of "Abenomics," allowing the BOJ to continue with massive monetary easing, even as the Fed seems determined to hike rates again in December. (FT)


Saudi Aramco CEO Amin Nasser has sad the oil giant's initial public offering remains on track for the second half of 2018.Saudi Aramco, the world's largest oil company, plans to list its shares on the Saudi domestic stock market, as well as one or more foreign exchanges. However, it has yet to choose the overseas market, fueling continued speculation about the kingdom's plans. (CNBC)


S&P 500 futures are up 2 and NASDAQ futures are up 11. The MSCI international index is down 3/100 of a percent.

Oil is up 19 cents at $52.03 a barrel.

Gold is down $5 at $1276 a Troy ounce.


With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.

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