Bank of England raises rates to 4%.

Bob Iaccino reviews early market moves as stock index futures are mixed, with Dow futures leading. The Bank of England raises rates by 25 basis points to 4%, while U.S. nonfarm productivity and unit labor costs beat expectations, pushing December rate hike probabilities higher. He previews upcoming speeches from a slate of Fed officials and highlights the October nonfarm payrolls report due Friday morning. Additionally, he looks ahead to a heavy earnings schedule and European economic data releases.