US indices closed lower on Friday pressured by declines in Boeing, Netflix and Johnson & Johnson. The worst performing stocks were in the Media (-1.5%), Software & Services (-1.36%) and Semiconductors & Semiconductor Equipment (-1.2%) sectors.
On the economic data front, the U.S. Leading Index fell 0.1% on month in September (+0.0% expected,, -0.2% in August).
European markets are expected to start on a positive note.<\/p>\n\n\n\n
Foreign Exchange<\/strong><\/p>\n\n\n\n The US dollar was bearish against all of its major pairs on Friday. On the economic data front, the US Leading Index fell -0.1% missing the unchanged (0.0%) estimate for September, up from a revised -0.2% from unchanged (0.0%) in August. Next week, economists expect the Monthly Budget Statement to be released between October 21st and October 25th at 83 billion dollars, down from 119.1 billion dollars in August.
The Euro was bullish against most of its major pairs with the exception of the NZD, AUD and GBP. In Europe, their was no major economic data released.
The Australian dollar was bullish against most of its major pairs with the exception of the GBP.<\/p>\n\n\n\n