Futures are mixed ahead of third-quarter GDP data. Dow Futures were up 0.68%, or 217 points, while S&P futures are flat and Nasdaq futures are down .043%. Economists are projecting that the third quarter GDP estimate will show 2.4% annualized growth, up from -0.6% last quarter and the first positive quarter in 2022. Jobless claims are expected to rise to 220k and mortgage rates are projected to climb over 7.0%.
- As Europe awaits its central bank’s interest rate decision markets are mixed with Germany’s DAX down 0.79% while London’s FTSE is up 0.24%.
- Asia had a mixed day with China’s Hang Seng ending the day up 0.72% while Shanghai was down 0.50%. Japan’s Nikkei closed down 0.32%.