US Factories May Be In A 'Funk'

EVERYTHING YOU NEED TO KNOW, RIGHT NOW. #IBTPulse US Factories May Be In A 'Funk' Following last week's disappointing third-quarter U.S. GDP report, investors will be watching Monday's report on the manufacturing sector from the Institute of Supply Management for some clues to how the fourth quarter could pan out. Some economists believe the sector is in a "funk" and that the Fed should reconsider its much speculated upon plan about finally beginning to raise interest rates in December. Visa Sheds Light On Global Consumer Spending, May Be In Buying Mode Itself Visa Inc.'s fourth-quarter earnings, coming on the heels of rival MasterCard Inc.'s strong results last week, may boost confidence that around the world, consumer spending is healthy. But the more interesting news could be the announcement that the company is buying Visa Europe Ltd., the business it spun off eight years ago. That could mean a windfall for the European banks that own it. Toyota, Honda Earnings May Rise On US Sales, Nissan Leads The Way The Japanese Big Three carmakers are on a roll thanks to strong sales in the United States and Europe, and a weak yen. Nissan has already raised its profit forecast, and Toyota and Honda may follow suit. Greece Unveils Plans To Inject Fresh Capital Into Ailing Banks The Greek government revealed plans to recapitalize the country's four largest banks --  Alpha Bank, Eurobank, NBG and Piraeus Bank -- late Sunday. Under the plan, at least 10 billion euros ($11 billion) will be injected through purchase of a mix of new shares and contingent convertible bonds. The lenders are expected to raise 4.4 billion euros ($4.9 billion) from private investors. HERE'S WHAT YOU MISSED LAST NIGHT. HSBC Says Asia Slowdown Didn't Hurt HSBC brushed off the slowdown in China and Asia, where it does most of its business, to report better-than-expected third-quarter results. The bank also said a decision on moving its headquarters from the U.K. -- to Hong Kong or even the U.S. – could be announced at the time of the next earnings announcement. Hewlett-Packard Break-Up A 'Classic Reinvention' On Sunday, the venerable tech giant split into Hewlett-Packard Enterprise Co -- led by Meg Whitman, and HP Inc. "HPE" will focus on IT services for businesses, competing with the likes of IBM, Oracle and Dell. HP Inc. will seek to expand its high-margin printer business into other technology. Beginning Monday, the two companies will start trading as two separate entities. China Vows 6.5% Growth, As Manufacturing Slumps Anew Premier Li Keqiang said China is targeting 6.5 percent growth in the next few years, simultaneously admitting a slowdown while aiming high enough to meet its goal of creating a relatively rich society. On Sunday, China reported manufacturing fell for the third straight month. China Unveils Homegrown Passenger Jet The C919, built by state-owned Commercial Aircraft Corporation of China (COMAC), was unveiled at an event in Shanghai and is being billed as a potential competitor to Western aviation giants and as the plane that can at last fulfil the dreams of China's leaders, past and present. 7 Hanover Square, 5th Floor, New York, NY 10004 © 2015 IBT Media Inc. All Rights Reserved. Please add ibtimes@ibtimes.tm00.com to your contacts Unsubscribe | Privacy Policy