10 Things You Need To Know Before The Opening Bell, November 1, 2012

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		Home Tech/Media Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Thursday, November 1, 2012 Advertisement Good morning. Here's what you need to know. Asian markets were mixed in overnight trading with the Shanghai Composite up 1.72 percent on a positive PMI report and speculation that some local governments would ease curbs on property purchases. Europe is modestly higher and U.S. futures are modestly lower. China's official manufacturing PMI rose to 50.2 in October, from 49.8 the previous month. Chinese HSBC PMI climbed to an 8-month high of 49.5 in October, but stayed below the contractionary reading of 50. Now here is more proof that the worst of China's slowdown is over > The death toll from Hurricane Sandy has climbed to 74 according to latest reports. Over 5 million homes continue to be out of power across the east coast. In New York city, partial subway service has been resumed, and governor Andrew Cuomo has declared a transportation emergency. Now here are images of lower Manhattan in complete darkness > The ADP employment report is out at 8:15 a.m. ET, and initial jobless claims are out at 8:30 a.m. ET. Consensus is for ADP employment to fall to 155,000, and initial claims are expected to stay flat at 369K. Remember, ADP has switched to Moody's to revamp data.  Follow the release at Money Game > In Europe, Irish PMI continued to rise climbing to 52.1 in October. But UK  manufacturing PMI fell to 47.5, with overall operating conditions declining for a sixth-straight month, and Greek PMI fell to 41. The world's biggest economies seem to be turning the corner > Lloyds, which is partially owned by British taxpayers, reported a Q3 net loss of £361 million. It's net loss narrowed from a year ago, even though Lloyds had to set aside £1 billion to settle claims for inappropriately selling insurance. South Korean exports climbed 1.2 percent in October, after declining a revised 2 percent the previous month. Societe Generale's Klaus Baader wrote that this showed "the end of the Asian and global trade slowdown in the wake of China’s economy bottoming out". In earnings news, Linkedin is expected to report earnings of $0.11 per share, and Starbucks is expected to report earnings of $0.45 per share. The ISM manufacturing index and consumer confidence for October will be out at 10 a.m. ET. Economists polled by Bloomberg expect ISM manufacturing to stay flat at 51.5 and for consumer confidence to rise to 74. Follow the release at Money Game > U.S. regulators have threatened to fine Barclays about $470 million to settle allegations that it manipulated California electricity marketsm. The bank has 30 days to make a case for why it shouldn't be penalized, according to Reuters. BI Intelligence, a new subscription research service from Business Insider, provides in-depth insight, data, and analysis of the mobile industry. Access all reports, research updates, presentations, data and chart libraries plus much more with your free trial. Click here to start your subscription>> Please follow Money Game on Twitter and Facebook. Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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