PROVEN RESULTS

What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

When? At 4:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the GBP to rise.

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What is it? It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.

When? At 4:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the GBP to rise.

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1. Wall Street was little changed at the open on Monday as investors braced for a busy week of quarterly results from major U.S. banks and several Dow 30 companies.

At 9:30 a.m. EDT, the Dow Jones industrial average (DJI) was up 10.09 points, or 0.06 percent, at 17,094.58, the S&P 500 (SPX) was up 1.09 points, or 0.05 percent, at 2,015.98 and the Nasdaq composite (IXIC) was up 9.91 points, or 0.21 percent, at 4,840.38.

2. There could be sufficient economic data for the Federal Reserve to consider a rate hike at their meeting later in October but there will be a lot more data on hand in time for the December meeting, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday.

"I think October is a live meeting, clearly there is the potential that the data coming in, in advance of the October meeting will be sufficient … we have a lot more in December," he said following a speech to a university association in Orlando, Florida.

3. The U.S. dollar edged lower against its Canadian counterpart on Monday, hovering close to a two-month trough as the minutes of the Federal Reserve's latest policy meeting continued to dampen demand for the greenback.

Trading volumes were expected to remain thin on Monday, with U.S. markets closed for a national holiday.

4. Gold futures rose to the highest level since August on Monday, as doubts over whether the Federal Reserve will hike interest rates before the end of the year boosted the appeal of the precious metal.

Gold for December delivery on the Comex division of the New York Mercantile Exchange hit an intraday peak of $1,168.60 a troy ounce, the most since August 24, before trading at $1,166.30 during U.S. morning hours, up $10.40, or 0.9%.

5. Crude oil futures reversed earlier gains to trade lower on Monday, following the release of the latest supply estimates from the Organization of the Petroleum Exporting Countries.

On the ICE Futures Exchange in London, Brent oil for December delivery shed 56 cents, or 1.07%, to trade at $52.35 a barrel during U.S. morning hours after rising by as much as 1.32% earlier in the session.

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1. Stock market mover

EMC: Shares in data storage firm EMC Corp (EMC) are rising by about 7% in extended trading based on reports saying Dell is set to announce it will take over the company, which is currently valued above $50 billion.

If the takeover happens, it would be the biggest tech deal ever, and among the top 40 M&A deals of all time.

2. Global markets overview

Stock markets around the world are middling right now. U.S. stock futures are trading around where they left off on Friday.

European markets are vacillating between minor gains and losses.

Asian markets mostly ended with gains. Chinese stock markets were standout stars as the Shanghai Composite jumped 3.3% and the volatile Shenzhen index surged 4.2%.

In Turkey, the main stock market and national currency are roughly stable after two deadly bomb blasts tore through crowds taking part in a peace rally in the capital over the weekend. At least 97 people died in the attack.

3. Weekly market recap

U.S. markets notched a good week. The Dow Jones industrial average rose by 3.7% over the past five trading days. The S&P 500 gained 3.3% and the Nasdaq jumped 2.6%.

4. Oil prices pushing up

West Texas Intermediate oil futures traded close to the highest level since July on Monday, amid indications U.S. oil drillers are cutting back on production following a collapse in prices over the summer.

Crude oil for delivery in November on the New York Mercantile Exchange tacked on 24 cents, or 0.48%, to trade at $49.87 a barrel during European morning hours.

There will be no floor trading on the Nymex on Monday because of the Columbus Day holiday in the U.S. All electronic transactions will be booked with Tuesday's trades for settlement.

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