Wall Street trading higher

Shortly before 1500 GMT, the Dow Jones Industrial Average was 146 points up to 17,865.70, while the S&P 500 and the Nasdaq were 17 and 33 points higher respectively.

An uptick in oil prices gave energy shares a boost on the day, with the energy sector leading the S&P 500 Monday, closing up 0.4%.

By the close the Dow Jones had lost 79 points to 17,720.

European stocks were lifted by expectations the ECB will enact new stimulus measures on Thursday.

The notion that the Federal Reserve is confident enough in the US economy to potentially raise rates in December for the first time in almost a decade helped keep the USA stock market afloat in November, said Jerry Braakman, chief investment officer of First American Trust. The report is expected to show that US employers added 205,000 jobs in November, while the unemployment is expected to remain unchanged at 5%, according to economists surveyed by the Wall Street Journal. Data on motor vehicle sales for November will be released today. Target (TGT.N) shares fell 1.3% after its website faced an outage due to heavy traffic.

The Stoxx Europe 600 was up 0.5% in afternoon trading, bouncing back from early losses.

This was not the case, with both of the stock market indexes showing a growth of lower than 1% when looking at the total of their return basis.

One of the main reasons why a larger movement hasn’t been seen in USA stocks is the fact that at the moment investors are awaiting new regulations and policies following the global climate related conference which is being held in Paris starting this Monday.

At 3:22 p.m.in NY, all three benchmark indexes were down 0.3%.

Anticipation of a Fed rate rise has also driven up the dollar.

At 10 a.m., the Institute for Supply Management’s index of manufacturing comes out, expected to rise to 50.5% in November from 50.1% in October.

Construction spending in the USA rose 1% in October, double the increase analysts had expected.

Oil prices edged lower, as West Texas Intermediate rose 0.14% to $41.59 a barrel, while Brent crude shed 0.59% to $44.35 a barrel.

Among blue-chip stocks, shares in BHP Billiton Ltd. were down more than 2% amid worries about the impact of the massive tailings-dam failure in Brazil earlier this month.