Equity futures higher, on track for modest bounceback at open U.S. equity futures are pointing to a higher open against a back drop of global markets having firmed and oil prices having fallen to a 13 month low. The lower oil prices have come despite the turmoil in Iraq and Russia and gloomy economic news from Asia. China reported surprisingly low credit growth in July, with financing hitting its lowest point since October 2008. Investors in the U.S. will be watching retail sales figures for July, business inventories for June and the weekly Department of Energy inventory reports.
U.S. Labor Secretary speaks on the economy at a luncheon meeting U.S. Labor Secretary Perez discusses the U.S. economy and labor situation in a speech entitled "Shared Prosperity: Building an Economy that Works for Everyone," at a National Press Club luncheon meeting being held in Washington, D.C. on October 20 at 1 pm.