Here is what you need to know.
US homes are shrinking. The average size of new single-family homes sold in the US peaked in 2015 at 2,520 square feet, Matthew Pointon, a property economist at Capital Economics, said in a note to clients on Friday.
China’s inflation slows. Consumer prices in China rose 1.6% year-over-year in September, slowing down from their 1.8% gain in August, according to data released by the National Bureau of Statistics.
Bailing out Venezuela costs $US30 billion a year. Huge sums of money would likely be required to increase imports, boost consumption and finance the fiscal debt, according to the Financial Times, citing a senior International Monetary Fund official.
Oil reclaims $US52. West Texas Intermediate crude oil is up 1.38% at $US52.16 a barrel, gaining on fears of new Iran sanctions and conflict in Iraq, Reuters says.
Bitcoin treads near record highs. The cryptocurrency holds little changed at $US5,633 a coin after hitting a record high of $US5,866 on Friday, Bloomberg data shows.
Bombardier is looking into options for its aerospace business. The plane and train manufacturer is considering a sale of its Q400 turboprop and CRJ regional-jet unit, and other assets, Bloomberg reports, citing people familiar with the matter.
Aramark makes 2 acquisitions. The food and facilities management services company has agreed to pay a total of $US2.35 billion for Avendra and AmeriPride Services, according to a company release.
Stock markets around the world are higher. Hong Kong’s Hang Seng (+0.76%) led the gains in Asia and Germany’s DAX (+0.18%) is out front in Europe. The S&P 500 is set to open up 0.10% near 2,556.
Earnings reporting remains light. Netflix releases its quarterly results after markets close.
US economic data trickles out. Empire manufacturing will be released at 8:30 a.m. ET. The US 10-year yield is up 1 basis point at 2.29%.
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