Dow Jones Industrial Average (DJIA) futures are trading above fair value ahead of what's expected to be a low-volume session. Nevertheless, a jam-packed economic calendar leaves plenty to digest for those lingering on Wall Street ahead of the Thanksgiving holiday. While early data showed durable goods unexpectedly fell 1.2% in October, the day's marquee event will be the 2 p.m. ET release of the minutes from the latest Fed meeting, as traders look for clues of a possible December rate hike. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also up, in what could be another record-setting day on Wall Street.
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5 Things You Need to Know Today
Asian stock markets rose today, as the region's top indexes got a lift from the strong session in the U.S. The main highlight was a fresh high from Hong Kong's Hang Seng, which topped the 30,000 level for the first time in over 10 years after a 0.6% gain. Meanwhile, the Shanghai Composite in China also rose 0.6%. In Japan, the Nikkei added 0.5% as technology stocks outperformed, and South Korea's Kospi picked up 0.4%.
Stocks are mostly higher in Europe, as well. Energy and utility names are some of the top performers, while the travel sector dips following poor financial results from Thomas Cook. In the lead thus far is London's FTSE 100, which is up 0.5%. Also higher is the French CAC 40, last seen 0.3% above breakeven, though the German DAX has dropped 0.03%.