1. Kroger bets on automation: Kroger has agreed an exclusive deal with UK online supermarket to use its automated warehouse technology in the United States. Kroger will also take a stake of 5% in Ocado with an investment worth about £183 million ($247 million) as part of the deal.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -6.00 | | -22.25 | | -3.25 | | -0.02% | | -0.32% | | -0.12% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +121.14 | | -15.28 | | +7.91 | | 22,838.37 | | 3,154.28 | | 7,742.11 | | +0.53% | | -0.48% | | +0.10% | | | |
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| | | Biggest Winners | | TechnipFMC PLC | +2.59% | | | | Williams Companies Inc | +2.30% | | | | Coca-Cola Co | +1.30% | | | | Brighthouse Financial Inc | +1.28% | | | Biggest Losers | | Cisco Systems Inc | -4.12% | | | | TripAdvisor Inc | -1.35% | | | | Juniper Networks Inc | -0.97% | | | | Micron Technology Inc | -0.87% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Kroger's Ocado deal; Walmart earnings; Italian jitters | | By Ivana Kottasová | | | | 1. Kroger bets on automation: Kroger has agreed an exclusive deal with UK online supermarket to use its automated warehouse technology in the United States. | | | | Kroger will also take a stake of 5% in Ocado with an investment worth about £183 million ($247 million) as part of the deal. | | | | Ocado said it considered Kroger the best positioned supermarket to succeed in the US online grocery market. | | | | The British company has struck similar deals with supermarket chains in France, Canada and Sweden in recent months. Shares in Ocado shot up 44% in London after the announcement, to a new record high. | | | | 2. Retail earnings: Walmart, the world's biggest retailer, will publish first quarter results before the opening bell. | | | | Walmart's stock is down 13% so far this year, hurt by concerns about its online sales growth. Analysts are watching the company's online performance to understand whether and how it can compete with Amazon. | | | | Walmart's $16 billion deal to buy Indian online retailer Flipkart also got an icy response from investors. | | | | Nordstrom will report earnings after the closing bell. The company just opened its first standalone men's location, a gadget-heavy store in New York that's designed to lure shoppers with a unique experience. Investors will want to know how customers are responding. | | | | 3. Italian jitters: Italian stocks and government bonds dropped on Wednesday, after reports of a leaked draft coalition program between two populist parties spooked investors. The main market in Milan recovered slightly on Thursday, but was still around 1.5% lower for the week. | | | | The draft suggested the new Italian government could ask Europe to relax budget rules and cancel a big chunk of its huge debt. | | | | "The worsening outlook for economic policy, resurfacing anti-euro narratives and the new government's lack of expertise may be more than enough to undermine market confidence — and with it the fragile Italian economic recovery," Federico Santi, analyst at Eurasia group, wrote in a research note. | | | | The euro also sagged on Wednesday but was stable Thursday, holding its ground against other major currencies. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 4. Global market overview: US stock futures were lower early on Thursday, and markets in Europe and Asia were mixed. | | | | The Dow Jones industrial average closed 0.3% higher on Wednesday, while the S&P 500 was up 0.4%, and the Nasdaq gained 0.6%. | | | | Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now! | | | | | | | |
| | | | | | Thursday — JCPenney, Walmart, Nordstrom earnings
Friday — Campbell Soup earnings | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $72.06 | +0.57 / +0.80% | | | Gold | $1,286.70 | -4.80 / -0.37% | | | 10-yr | 3.09% | 0.00 / 0.00% | | | Euro | $1.18 | -0.00 / -0.06% | | | |
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