1. Inflation watch: Investors will be paying very close attention to new U.S. inflation data for January at 8:30 a.m. ET. Concerns over price hikes have helped fuel wild stocks swings in recent weeks.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +127.00 | | +28.50 | | +11.25 | | +0.52% | | +0.43% | | +0.42% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -90.51 | | +14.20 | | +43.12 | | 21,154.17 | | 3,199.16 | | 7,211.13 | | -0.43% | | +0.45% | | +0.60% | | | |
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| | | Biggest Winners | | Chipotle Mexican Grill Inc | +11.41% | | | | MasterCard Inc | +1.18% | | | | Netflix Inc | +1.15% | | | | Viacom Inc | +1.06% | | | Biggest Losers | | Qualcomm Inc | -1.00% | | | | Andeavor | -0.77% | | | | U.S. Bancorp | -0.72% | | | | Carnival Corp | -0.45% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Inflation watch; Chipotle's new CEO; Fraud in India | By Alanna Petroff
Wednesday, February 14th, 4:55am | | | | 1. Inflation watch: Investors will be paying very close attention to new U.S. inflation data for January at 8:30 a.m. ET. | | | | Concerns over price hikes have helped fuel wild stocks swings in recent weeks. | | | | Wall Street is worried that rising inflation will force the U.S. Federal Reserve to speed up its rate hike plans. | | | | "The U.S. inflation figures release is the key event of the week, if not the month," said Hussein Sayed, chief market strategist at FXTM. | | | | U.S. retail sales figures for January will be released at the same time. | | | | Retailers ended 2017 on a high note: Sales were up 5.5% during the November and December holiday shopping season, according to the National Retail Federation. | | | | 2. Stock market overview: U.S. stock futures were higher, suggesting that top indexes could post gains in a fourth consecutive trading session. | | | | Stocks steadied on Tuesday following a week of high volatility. | | | | European markets were up in early trading, adding around 0.5%. Most Asian markets ended the day in positive territory. The Hang Seng stood out from the pack with a 2.3% jump. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 3. Market movers -- Chipotle, Fossil, Sky, Credit Suisse: Shares in Chipotle Mexican Grill surged 12% premarket after the chain announced that Brian Niccol will take over as CEO on March 5. | | | | Niccol has led Yum Brands' Taco Bell division since January 2015. | | | | Shares in Fossil surged about 60% in extended trading after the retailer reported better-than-expected earnings and progress in its turnaround strategy. | | | | Sky shares were 3% higher in London trading after the broadcaster announced a new multi-billion dollar deal to continue airing Premier League soccer games over the next four years. | | | | Credit Suisse stock gained after the bank announced its latest financial results. The Swiss bank reported a loss for the year after getting hit by charges related to recent U.S. tax reforms. | | | | Top investors and hedge fund managers such as Warren Buffett, George Soros and Carl Icahn are expected to disclose their investments from the fourth-quarter in required regulatory filings called 13Fs. | | | | 4. Earnings : Dr Pepper Snapple, Groupon, Hilton, Molson Coors Brewing and Wyndham Worldwide will release earnings before the open. | | | | Cisco Systems, Hyatt Hotels, Marriott and TripAdvisor will follow after the close. | | | | 5. Eyes on India: One of India's biggest banks has discovered $1.8 billion of fraudulent activity at one of its branches in Mumbai. | | | | Punjab National Bank's stock sank around 9% after the company said it "detected some fraudulent and unauthorized transactions." | | | | Other Indian financial giants may also be affected by the fraud. | | | | "Based on these transactions, other banks appear to have advanced money to these customers abroad," Punjab National Bank said. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | Wednesday — Earnings from Cisco, Marriott and TripAdvisor
Thursday — CBS earnings
Friday — Earnings from Coca-Cola, Campbell Soup, Kraft Heinz, Smucker, Newell Brands and Deere | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $58.79 | -0.40 / -0.68% | | | Gold | $1,333.40 | +3.00 / +0.23% | | | 10-yr | 2.84% | -0.02 / -0.60% | | | Euro | $1.23 | -0.00 / -0.05% | | | |
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