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Showing posts with the label Before The Bell

Dow I Before The Bell: Dow futures cautiously edge higher amid trade war jitters

Sam Meredith 2 minutes- SOURCE. CNBC U.S. stock index futures were slightly higher Wednesday morning, amid simmering trade tensions between the world’s two largest economies. At around 6:10 a.m. ET, Dow futures indicated a positive open of more than 45 points. Futures on the S&P and Nasdaq were slightly higher. Signs that China is stepping in to steady the yuan appeared to help soothe investor concerns of a global currency war on Wednesday. It comes after a period of heavy selling pressure at the start of the week. The People’s Bank of China (PBOC) set the official midpoint reference for yuan at 6.9996 on Wednesday, just a hair away from the psychologically important 7-per-dollar level. The latest yuan fixing was slightly weaker-than-expected, keeping markets nervous about its intentions. Beijing let the yuan breach that 7-per-dollar level for the first time in 11 years on Monday, shortly after President Donald Trump threatened

US Future Indications | Before The Bell: Futures point to Dow opening more than 300 points lower amid US-China trade turmoil

Eustance Huang, Silvia Amaro 3 minutes Futures on Monday morning pointed to a lower open for stocks stateside. Dow Jones Industrial Average futures dropped 333 points, implying an opening decline of 378 points on Monday’s open, as of 4:35 a.m. ET Monday. Futures also pointed to opening declines for the S&P 500 and Nasdaq on Monday. The moves came amid market turmoil in the Asian trading session on Monday, with Hong Kong’s Hang Seng index dropping nearly 3% and Japan’s Nikkei 225 falling more than 2.5%. The MSCI Asia ex-Japan index also fell more than 2%. U.S. Treasurys also saw large movements, with the yield on the closely-watched 10-year Treasury note falling to as low as 1.768%.  Markets were sent on a whirlwind late last week after tensions between Washington and Beijing re-escalated, when U.S. President Donald Trump unexpectedly announced on Thursday that America will be slapping 10% tariffs on another $300 billion worth

Before The Bell on Thursday 1, August 2019 I Stocks ready to bounce back after sell-off sparked by Fed's Powell comments,

Fred Imbert, Sam Meredith 2-3 minutes U.S. stock index futures  rose on Thursday, pointing to a rebound on Wall Street after  tanking a day earlier when the Federal Reserve dampened hopes of a lengthy easing cycle following a 25-basis-point rate cut. Around 7 a.m. ET, Dow  Jones Industrial Average futures indicated a gain of more than 70 points at the open. Futures on the S&P  500 and Nasdaq  100 also rose. The U.S. central bank cut interest rates for the first time in more than a decade on Wednesday, citing "global developments" along with "muted inflation" as reasons for easing monetary conditions. However, Chairman Jerome Powell told reporters in a news conference following the Federal Open Market Committee's rate decision that the central bank's rate cut was a "midcycle adjustment," hinting that further rate cuts later this year were not a sure thing . In a series of posts on Twitter,

Before The Bell | Dow futures higher as investors anticipate first Fed rate cut in a decade

Sam Meredith 2-3 minutes U.S. stock index futures were higher Wednesday morning, as market participants braced for the outcome of the Federal Reserve ’s meeting later in the session. At around 03:30 a.m. ET, Dow futures rose 70 points, indicating a positive open of more than 66 points. Futures on the S&P and Nasdaq were both slightly higher. The U.S. central bank is widely expected to cut interest rates for the first time since the financial crisis more than a decade ago. Market expectations point to a quarter-point rate cut. The Fed is set to deliver its decision at 2:00 p.m. ET, with Chairman Jerome Powell scheduled to hold a press conference at 2:30 p.m. ET. The projected move from the Fed has supported risk asset prices worldwide in recent days. However, trade war concerns have resurfaced to cap gains. President Donald Trump said in a series of tweets Tuesday that Beijing is not keeping its promise of buying more U.S. agr

Before The Bell | Dow futures fall 100 points after Trump attack on China dampens hope of a trade deal

Fred Imbert, Silvia Amaro 1-2 minutes U.S. stock index futures  fell on Tuesday after President Donald Trump renewed his attacks on China, decreasing hope the two largest world economies will reach a trade deal. At around 7:43 a.m. ET, Dow Jones Industrial Average futures fell by 100 points, pointing to a loss of around 90 points at the open. S&P 500 and Nasdaq 100 futures also slid. Traders are focused on the upcoming Fed meeting, which starts Tuesday. Market expectations point to a quarter-point rate cut on Wednesday, which would be the first rate cut in a decade. On the data front, there will be personal and consumer spending figures out at 08:30 a.m. ET; as well as pending home sales and consumer confidence numbers due at 10:00 a.m. ET. In corporate news, Mastercard and Under Armour are reporting before the bell. Apple and Mondelez will be updating investors after the bell. Wall Street ended on a mixed note Monday as in

Before The Bell I Dow futures flat as investors temper trade expectations, await Fed decision

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Thomas Franck 4-5 minutes U.S. stock index futures were little changed Monday morning as Wall Street tempered its expectations for this week’s trade negotiations between the Washington and Beijing and prepared for the latest monetary policy decision from the Federal Reserve. Around 8:53 a.m. ET, Dow futures indicated a drop of less than 5 points at the open. Futures on the S&P and Nasdaq were both seen slightly lower after each hit new all-time highs in the prior week. The Fed will announce its latest decision on whether to adjust interest rates at 2 p.m. ET Wednesday; Chairman Jerome Powell will also address the state of the economy in a press conference at 2:30 p.m. ET later Wednesday. Despite a healthy economy and an unemployment rate under 4%, investors widely expect the central bank to cut its benchmark lending rate for the first time since 2008 by 25 basis points. The Fed, which seeks to keep inflation around 2%, has

US Futures Indication I Before The Bell I CNBC I Stocks' comeback rally set to pause as traders await the Fed rate decision

Fred Imbert, Silvia Amaro 3 minutes U.S. stock index futures were little changed on Wednesday morning as investors waited for the Federal Reserve’s latest decision on monetary policy. Around 7 a.m. ET, Dow Jones Industrial Average futures were up just 6 points, indicating a gain of 29 points. Futures on the S&P 500 and Nasdaq 100 were also flat. The Fed is scheduled to deliver its decision at 2 p.m. ET. The central bank is not expected to make any changes in terms of monetary policy, but investors will look for clues on whether the Fed will cut rates later this year. Fed Chair Jerome Powell will hold a news conference after the announcement. Traders are pricing in easier monetary policy as soon as July. They are also betting on rate cuts coming in September and December, according to the CME Group’s FedWatch tool. “The bottom line with today’s FOMC statement and Powell press conference is whether they confirm the markets expec

Before the Bell: Dow futures point to a lower open as trade, political concerns linger

Silvia Amaro 4-5 minutes U.S. stock index futures were lower Monday morning, as investors monitored trade talks and political developments. At around 1:45 a.m. ET, Dow futures slipped 31 points, indicating a negative open of more than 32 points. Futures on the S&P and Nasdaq were also seen relatively downbeat. On Friday, Wall Street closed lower on the back of concerns over the ongoing trade war and slower economic growth concerns. The sentiment has continued onto Monday, ahead of further trade meetings between the U.S. and the Chinese administrations later this week. Time is running out ahead of the self-imposed deadlines of March 2. Failure to reach an agreement will raise U.S. tariffs on $200 billion worth of Chinese to 25 percent from 10 percent. There is also a growing focus on a potential second government shutdown, given that Democrats and Republicans remain at odds over border policy. President Donald Trump tweeted this weeken

Before the Bell: Dow futures point to a decline of more than 150 points at the open

Eustance Huang 3 minutes Futures are indicating that stateside stocks are set for a rocky start to their trading week on Tuesday. That follows declines in the Asian markets and gloomy comments from the ongoing World Economic Forum in Davos . Dow Jones Industrial Average futures declined 165 points, as of 6:11 a.m. ET on Tuesday. That translated to an implied drop of 156.35 for the Dow at the upcoming open. S&P 500 and Nasdaq futures also pointed to declines for their indexes at the stateside open. If those implied declines come to fruition, that would be a change of pace for American markets: The Dow notched its first 4-week winning streak since August last Friday. U.S. stocks did not trade on Monday because of Martin Luther King Jr. Day. Over in Asia, stocks struggled for gains on Tuesday amid concerns about the global economic outlook after the International Monetary Fund (IMF) slashed its global growth forecast on Monday , w

Before The Bell: US stocks set to open higher with optimism over US-China trade talks

Silvia Amaro 2 minutes U.S. stock index futures pointed to a higher open on Friday morning as investors digested reports that the President Donald Trump administration could reduce tariffs imposed on China. As of 5 a.m. ET, Dow futures indicated a positive open of more than 80 points. S&P 500 and Nasdaq futures were also higher. The stock market ended on a positive note on Thursday after the Wall Street Journal reported that the U.S. could ease trade tariffs against China. The suggestion reportedly came from Treasury Secretary Steven Mnuchin, but faced pushback from U.S. Trade Representative Robert Lighthizer. Wall Street rallied on the news but pared some of those gains after a senior government official told CNBC that Mnuchin had not made any such recommendations. Money managers were also following U.S. politics as the government shutdown continues into its 28 th day. Meanwhile, with the earnings season in full swing, investors will be

Before the Bell: Dow set to fall 100 points at the open despite strong earnings

Ryan Browne 3-4 minutes U.S. stock futures traded lower on Thursday amid a flurry of corporate results, worries over China's economy and Brexit uncertainty. At around 05:05 a.m. ET,  Dow futures were more than 100 points lower, indicating a 136-point fall at the open, while S&P 500 and Nasdaq futures also pointed to declines. Overnight on Wall Street, stocks rose as investors cheered strong quarterly earnings from major banks like Goldman Sachs and Bank of America . In its latest report on the economy, the Federal Reserve said on Wednesday that labor markets have tightened across the country as businesses struggled to find workers at any skill level while wages grew moderately. On Wednesday, China's central bank made its biggest ever daily net cash injection via reverse repo operations, pumping $82.73 billion into the banking system . The news came after comments from the Chinese state planner and Premier Li Keqiang su

Before the Bell: Stocks set to open slightly higher as traders digest Brexit vote and focus on bank earnings

Ryan Browne 4-5 minutes U.S. stock futures were slightly higher on Wednesday, following a parliamentary defeat for British Prime Minister Theresa May’s Brexit deal. Dow futures were 76 points higher as of 2:12 a.m. ET, indicating a 26 point rise at the open, while S&P 500 and Nasdaq futures were also higher. Traders were digesting news that the U.K. leader had lost a vote on her Brexit deal by 230 votes, which is believed to be the highest margin of defeat for any sitting government in British political history. May told lawmakers that her Conservative government “will listen” following the vote and that a statement will be made in Parliament on January 21 where the prime minister is due to present a “plan B” for the withdrawal agreement. U.K. opposition leader Jeremy Corbyn, who leads Britain’s Labour party, said he has tabled a motion of no confidence in the government that will be debated and voted on Wednesday. Sterling was barel

Before the Bell: Stocks set to rebound as China slowdown fears wane

Ryan Browne 3-4 minutes Before the Bell U.S. stock futures pointed to a rebound on Tuesday, as positive headlines around China alleviated fears of an impending slowdown in the world’s second-largest economy. As of 4:30 a.m. ET, Dow futures traded 83 points higher, indicating a 70-point rise at the open. S&P 500 and Nasdaq futures were also slightly higher. China’s National Development and Reform Commission (NDRC) said on Tuesday it would aim to achieve “a good start” for the economy in the first quarter, lifting hopes of further economic stimulus . Separately, Chinese Premier Li Keqiang said that the government was seeking to establish conditions to help meet its economic goals for 2019, Reuters reported, citing Chinese state television. Wall Street appeared to track the upbeat sentiment in Europe and Asia. Indexes in both continents were mostly higher on the back of hopes that China would introduce more measures to support its weaken

Before the Bell: Dow futures fall more than 200 points on concerns over longest government shutdown

Silvia Amaro 2 minutes U.S. stock index futures were lower on Monday on the back of ongoing concerns over an economic slowdown in China as we well as the longest government shutdown in U.S. history. At around 05:24 a.m. ET, Dow futures fell 215 points, indicating a negative open of 233.95 points. Futures on the S&P and Nasdaq were also down. The moves in pre-market trade come after fresh data out on Monday showed December exports and imports dropping unexpectedly in China. These figures deepened concerns of a slowdown in the world’s second-largest economy. Furthermore, the divisions between Democrats and Republicans over a border wall continue, meaning there is no end in sight for the re-opening of the U.S. government . Republican Senator Lindsey Graham urged the president on Sunday to reopen the government for a limited period to try to get talks going again. The latest earnings season is starting Monday with Citigroup set to update investors before the bell.

Before the Bell: Dow futures slightly higher as investors await inflation data.

Sam Meredith 2 minutes U.S. stock index futures  were mixed on Friday morning, after Federal Reserve Chairman Jerome Powell reiterated the U.S. central bank would be patient about raising interest rates over the coming months. At around 04:15 a.m. ET, Dow futures rose 27 points, indicating a negative open of more than 3 points. Futures on the S&P and Nasdaq were mixed. The moves in pre-market trade come as investors continue to digest comments from Jerome Powell. Speaking at the Economic Club of Washington on Thursday, the chairman of the U.S. central bank said policymakers were prepared to wait before hiking rates again. Meanwhile, market focus was also attuned to news that trade talks between the world’s two largest economies could soon move to higher levels. U.S. and Chinese officials are working on arrangements of higher-level trade talks after mid-level officials concluded talks earlier this week. U.S. Treasury Secretary Steven Mnuchi

Before the Bell: Futures slightly higher as US and China conclude trade talks

Ryan Browne 3-4 minutes U.S. stock futures rose slightly on Wednesday following news that the U.S. and China have concluded their trade talks. As of 4:20 a.m. ET, Dow futures climbed 87 points, indicating a higher open of 66 points; S&P 500 futures were barely above the flatline, while Nasdaq futures were also slightly higher. Discussions between Washington and Beijing over trade concluded , the Chinese foreign ministry said Wednesday. Both countries have been engaged in a tense sparring of tariffs, targeting billions of dollars’ worth of imports in each other’s economies with levies. Traders are hopeful of a resolution to the U.S.-China trade war, and are eagerly watching for any signs of a potential deal. U.S. Under Secretary of Agriculture for Trade and Foreign Agricultural Affairs Ted McKinney said earlier on Wednesday that he thought negotiations “went just fine.” The Dow notched its first three-day winning streak since late N

Before the Bell: Dow futures move higher amid US-China trade talks

Sam Meredith 2-3 minutes U.S. stock index futures were higher on Tuesday morning, with market participants cautiously optimistic Washington and Beijing could be on the verge of a trade deal. At around 05:50 a.m. ET, Dow Jones Industrial Average futures rose 134 points, indicating a positive open of more than 136 points. Futures on the S&P 500 and Nasdaq Composite were also relatively upbeat. The moves in pre-market trade come as dozens of officials from the world’s two largest economies continue talks to resolve their ongoing trade dispute. U.S. Commerce Secretary Wilbur Ross told CNBC on Monday that both global powers could reach a settlement “they can live with, and that addresses all the key issues.” China’s Foreign Ministry previously said Beijing had “good faith” to work with Washington to reach an agreement before a March deadline. However, many analysts remain deeply skeptical about the likelihood of both sides brokering a com

Before the Bell: Dow futures move lower as US-China trade talks resume

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Sam Meredith 2-3 minutes U.S. stock index futures were slightly lower on Monday morning, with market focus largely attuned to trade talks between Chinese officials and their American counterparts. At around 5:46 a.m. ET, Dow Jones Industrial Average futures fell 10 points, indicating a negative open of -21.16 points. Futures on the S&P and Nasdaq were also relatively downbeat. Market participants are closely monitoring global trade developments, as the world’s two largest economies resume talks early this week. According to Reuters, the Chinese foreign ministry said Monday that China and the U.S. have expressed an eagerness to work together. The ministry also added China stands ready to resolve trade disputes with the U.S. on an equal footing. President Donald Trump said Sunday that weakness in the Chinese economy gave Beijing an extra incentive to work toward a resolution to the global trade war. The U.S. and China slapped a series

Before the Bell: Dow is set to open 300 points higher on US-China trade talks; jobs report is also in focus

Fred Imbert, Silvia Amaro U.S. stock index futures rose sharply ahead of Friday’s open on news surrounding U.S.-China trade talks. At around 6:20 a.m. ET, Dow Jones Industrial Average futures indicated a gain of more than 300 points at the open. Futures on the S&P 500 and Nasdaq 100 also pointed to a positive open. Trade-related names like Caterpillar and Boeing rose 2.4 percent and 1.9 percent, respectively, in the premarket. Stock markets in Europe and Asia got a lift after China’s commerce ministry said the U.S. and Chinese would hold vice-ministerial level negotiations over trade in Beijing on Jan. 7-8. The two countries are trying to reach a breakthrough to resolve their differences over a 90-day tariffs truce. Investors will also be keeping an eye on a speech by Federal Reserve chair Jerome Powell at 10:15 am ET. Powell will take part in “Federal Reserve Chairs: Joint Interview” panel on monetary policy and central banking at the American Econo

Before the Bell: Dow is headed for a 350-point drop as Chinese economic data disappoints.

cnbc.com Sam Meredith U.S. stock