NewsWare’s Trade Talk: Monday, October 2

S&P Futures are relatively unchanged this morning. While the passage of the debt ceiling bill is a positive for the markets, it was only a temporary solution. The bill only funds the government through Nov 17th. The earnings calendar is light this week; earnings season is set to kick off a week from Friday. Auto workers strike continues with no real progress made over the weekend. In Europe, stocks have reversed course and are now trading lower with underperformance in Chemicals, staples and media sectors. Oil futures are pushing higher ahead of this week's OPEC meeting.