1. Trump moves on NAFTA: President Trump has announced plans to renegotiate the North American Free Trade Agreement. Trump railed against the trade deal as a candidate and as recently as last week declared it harmful to U.S. workers.
|
 |
| Where U.S. stocks are heading |
|
Dow
Futures | | Nasdaq
Futures | | S&P
Futures |
| +10.00 | | +27.00 | | +2.75 |
| +0.05% | | +0.49% | | +0.12% |
|
|
|
|
|
|
| Japan | | China | | U.K. |
| Nikkei 225 | | Shanghai Composite | | FTSE 100 |
| -37.56 | | +11.34 | | -51.55 |
| 19,251.87 | | 3,152.19 | | 7,237.17 |
| -0.19% | | +0.36% | | -0.71% |
|
|
|
|
| Key Stats | Latest | Today's Change |
|
| Oil | $48.94 | -0.68 / -1.37% |
|
| Gold | $1,265.30 | +1.10 / +0.09% |
|
| 10-yr | 2.29% | -0.02 / -0.87% |
|
| Euro | $1.09 | -0.00 / -0.23% |
|
|
|
|
|
|
| News: What you need to know about the markets |
|
|
|
| Trump targets NAFTA; Tech earnings; U.S. tax plan |
By Ivana Kottasová
Thursday, April 27th, 7:05am |
|
| 1. Trump moves on NAFTA: President Trump has announced plans to renegotiate the North American Free Trade Agreement. |
|
| Trump railed against the trade deal as a candidate and as recently as last week declared it harmful to U.S. workers. |
|
| Trump's decision to renegotiate NAFTA came the same day a senior administration official revealed the White House was considering an executive order to withdraw from the trade accord. |
|
| The Mexican peso climbed 1% against the dollar. The Canadian dollar also strengthened. |
|
| 2. Tech earnings: A slew of tech companies will release quarterly financial reports on Thursday. |
|
| Tech stocks have had a good month, with many hitting record highs. That helped the Nasdaq, where most are listed, to briefly cross the 6,000 point barrier earlier this week. |
|
| Alphabet, Amazon, Baidu, GoPro, Intel and Expedia are all set to release their results after the bell. |
|
| Some U.S. tech firms have vast amounts of cash sitting overseas. Investors will be looking for reactions to Trump's plans for a tax repatriation holiday. |
|
| Microsoft will also report after the close. Investors are likely to focus on the performance of its cloud computing business, which has pushed the stock higher in recent months. |
|
| 3. Tax plan questions: The Trump administration outlined its new tax proposal Wednesday. Trump wants to slash the top individual tax rate from 39.6% to 35% and reduce the number of tax brackets from seven to three. |
|
| He also intends to cut the top tax rate for all businesses to 15%. |
|
| But the plan leaves many questions unanswered. |
|
| "Market participants are holding back their enthusiasm until they see detail of how [the plan] will be funded," said Kit Juckes, a strategist at Societe Generale. |
|
| 4. Global market overview: U.S. stock futures were higher early Thursday. |
|
| European markets opened lower, while Asian markets ended the session mixed. Japan's Nikkei and India' Sensex were lower, while markets in China and Hong Kong climbed higher. |
|
| The Dow Jones industrial average closed down 0.1% on Wednesday, while the S&P 500 was shed 0.1% and the Nasdaq was flat. |
|
| Before the Bell newsletter: Key market news. In your inbox. Subscribe now! |
|
| 5. Stock market movers -- Intuit, Paypal: Intuit shares rallied more than 7% in extended trading after it reported a boost in sales of its TurboTax software. |
|
| Shares in Paypal were up in extended trading after the payment company reported better then expected first quarter profits. |
|
| 6. Earnings and economics: American Airlines, Bristol-Myers, Comcast, Domino's Pizza, Ford and Union Pacific are set to release earnings before the open Thursday, while Starbucks will release earnings after the close. |
|
| The U.S. Census Bureau is set to release its advance goods trade balance statistics for March at 8:30 a.m. ET. The durable goods orders report for March is expected at the same time. |
|
| Download CNN MoneyStream for up-to-the-minute market data and news |
|
| The Bank of Japan left key interest rates unchanged at its meeting earlier Thursday. |
|
| The European Central Bank will make a rate decision at 7:45 a.m. ET, followed by an 8:30 a.m. ET press conference by the bank's president Mario Draghi. |
|
| The ECB chief is likely to be asked about a potential scaling back of the bank's giant stimulus program. Analysts don't expect any new details on the bank's plans to be announced on Thursday. |
|
| |
|
|
|
|
|
|
|
Thursday -- Alphabet, Microsoft and Amazon report earnings; ECB meeting; U.S. trade balance data
Friday -- GM earnings; U.S. and U.K. first quarter GDP data |
|
| |
|
|
|
|
Hi, let us know what you
think of this newsletter! |
|
Tell us what you want to read more of... and less of.
Email your tips and feedback to BeforeTheBellFeedback@cnn.com |
|
|
|
|
|
|
Tips, thoughts or questions are always welcome at
BeforeTheBellFeedback@cnn.com. |
|
® © 2017 Cable News Network Inc.
A Time Warner Company. All Rights Reserved.
You are receiving this message because you subscribed to
CNNMoney's "Before The Bell" newsletter.
Our Mailing address is:
Cable News Network, Inc.
Attention: Privacy Policy Coordinator
One CNN Center, 13 North
Atlanta, GA 30303 |
|
|
|
No comments:
Post a Comment