New York Equities Outlook: Moderate losses expected after strong October

Broker IG expects the Nasdaq 100 to drop 0.8% on Monday to 11,458 points. The monthly increase in the technology index would therefore amount to 4.4 per cent. At the same time, trending 10-year government bond yields on the US bond market rose to 4.05 percent. Oil prices declined following weak sentiment data from China’s manufacturing and services sectors.