1. Trouble in Berlin: Germany's DAX was trading lower after Chancellor Angela Merkel's plans to form a new government were thrown into disarray when a smaller party walked out of talks. Merkel, who was trying to form a majority government in the wake of national elections in September, now faces a series of tough choices.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -6.00 | | 0.00 | | -1.50 | | -0.03% | | 0.00% | | -0.06% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -135.04 | | +9.49 | | +4.15 | | 22,261.76 | | 3,392.40 | | 7,384.83 | | -0.60% | | +0.28% | | +0.06% | | | |
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| | | Biggest Winners | | Chesapeake Energy Corp | +1.99% | | | | Hewlett Packard Enterprise Co | +1.97% | | | | Lowe's Companies Inc | +1.53% | | | | Wynn Resorts Ltd | +1.13% | | | Biggest Losers | | Equifax Inc | -2.17% | | | | Cardinal Health Inc | -2.07% | | | | Foot Locker Inc | -1.27% | | | | Clorox Co | -1.05% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Market fears; Trouble for Merkel; Brexit job losses | By Ivana Kottasová
Monday, November 20th, 5:28am | | | | 1. Trouble in Berlin: Germany's DAX was trading lower after Chancellor Angela Merkel's plans to form a new government were thrown into disarray when a smaller party walked out of talks. | | | | Merkel, who was trying to form a majority government in the wake of national elections in September, now faces a series of tough choices. | | | | Her party could try again to form a coalition, or resort to a Merkel-led minority government. Another possibility is for snap national elections early next year. | | | | The economic impact is likely to be limited, however. | | | | "The economy is in such good shape with 2.5% growth, strong business confidence, full employment and a fiscal surplus that few major decisions need to be taken for the time being," said Holger Schmieding, chief European economist at Berenberg Bank. | | | | 2. Brexit jobs losses: The European Union will announce new host cities on Monday for two coveted agencies that are leaving Britain because of Brexit. | | | | The European Medicines Agency and the European Banking Authority, which employ roughly 1,000 people, had been based in London. | | | | It's one of the first concrete examples of organizations and jobs leaving Britain because of Brexit. | | | | 3. Markets in fear mode: The CNNMoney Fear & Greed Index has swung into "fear" territory. | | | | The gauge of investor sentiment, which tracks volatility and six other key market barometers, had been indicating "greed" for several weeks. | | | | U.S. stock futures were pointing lower. | | | | The Dow Jones industrial average closed 0.4% lower on Friday, while the S&P 500 dropped 0.3%. The Nasdaq shed 0.2%. | | | | Still, It's been at least a decade since things were going this well for Wall Street. The Nasdaq is up 26% this year, compared to a 15.5% jump for the S&P 500 and an 18% gain by the Dow. | | | | 4. Global market overview: European stocks were mostly lower in early trading. Asian markets ended mixed. | | | | U.S. oil futures edged higher to trade around $56.80 per barrel. | | | | Bitcoin has surged above $8,000, the latest in a series of milestones to be topped by the digital currency. A year ago, Bitcoin was trading at around $740. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 5. Earnings and economics: Urban Outfitters will report earnings after the closing bell. | | | | European Central Bank President Mario Draghi is speaking at 9:00 a.m. ET in Brussels. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | Monday -- Urban Outfitters earnings
Tuesday -- Campbell, Lowe's, Salesforce and HP earnings
Wednesday -- Consumer sentiment survey, U.K. budget, Fed minutes
Thursday -- Markets closed for Thanksgiving
Friday -- Markets close at 1 p.m. | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $56.49 | -0.22 / -0.39% | | | Gold | $1,291.60 | -4.90 / -0.38% | | | 10-yr | 2.35% | -0.01 / -0.30% | | | Euro | $1.18 | -0.00 / -0.04% | | | |
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