1. Brexit breakthrough: Britain and the European Union reached a Brexit milestone on Friday, breaking a deadlock that allows talks to move onto a crucial second phase. Negotiations will now turn to trade and the terms of a transition that would allow businesses in the U.K. to adapt to life outside the bloc.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +45.00 | | +31.25 | | +5.25 | | +0.19% | | +0.49% | | +0.20% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +313.05 | | +17.94 | | +17.98 | | 22,811.08 | | 3,289.99 | | 7,338.73 | | +1.39% | | +0.55% | | +0.25% | | | |
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| | | Biggest Winners | | Alexion Pharmaceuticals Inc | +3.02% | | | | Micron Technology Inc | +2.31% | | | | General Electric Co | +1.36% | | | | Bank of America Corp | +1.11% | | | | | | |
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| News: What you need to know about the markets | | | | | | | Brexit breakthrough; U.S. jobs report; Shutdown averted | By Ivana Kottasová
Friday, December 8th, 5:07am | | | | 1. Brexit breakthrough: Britain and the European Union reached a Brexit milestone on Friday, breaking a deadlock that allows talks to move onto a crucial second phase. | | | | Negotiations will now turn to trade and the terms of a transition that would allow businesses in the U.K. to adapt to life outside the bloc. | | | | The pound posted a mild reaction to the deal, gaining 0.2% against the dollar. | | | | Investor enthusiasm may be limited because trade talks promise to be difficult. | | | | "Let's remember that the most difficult challenge still ahead," said European Council President Donald Tusk. "Breaking up is hard. But breaking up and building a new relationship is much harder." | | | | 2. Jobs report: The U.S. Bureau of Labor Statistics will release November's jobs report at 8:30 a.m. ET. | | | | The economy has added roughly 1.7 million jobs so far in 2017. In October, 261,000 jobs were created -- making it the best month for job growth since President Trump took office. | | | | But wages continue to disappoint. Last month, they grew by just 2.4% compared to the same period last year, even lower than September's growth rate. | | | | 3. Shutdown averted, for now: The dollar edged higher against other major currencies after lawmakers voted for a short-term spending bill that will keep the federal government running for another two weeks. | | | | The major obstacle is what comes after December 22, when the government runs out of money once again. | | | | All eyes will be on the White House, as Trump and top congressional leaders try to resolve policy differences so Congress can pass a long-term spending bill before Christmas. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 4. Global overview: Stocks markets are closing out the week with a bang. | | | | U.S. stock futures were higher. Major European and Asian markets were in positive territory. | | | | U.S. crude oil futures gained 0.7% to trade just above $57 per barrel. | | | | The one big loser of the day was bitcoin, which continued its wild ride. It plunged more than $2,500 after hitting new record on Thursday. | | | | The Dow Jones industrial average and the S&P 500 both gained 0.3% on Thursday, while the Nasdaq added 0.5%. | | | | 5. Companies and economics: Shares in Japan Display shot up 9% in Tokyo on a report that Apple might start using LCD screens in future smartphones. | | | | A preliminary reading of the University of Michigan's Consumer Sentiment Index for December will be released at 10 a.m. | | | | Chinese exports and imports data came out stronger than expected, pointing to healthy global trade. | | | | "We expect exports to continue to perform well in the coming months on the back of strong global demand," said Julian Evans-Pritchard, China Economist at Capital Economics. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
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| Key Market Stats | Latest | Today's Change | | | Oil | $57.03 | +0.34 / +0.60% | | | Gold | $1,247.60 | -5.50 / -0.44% | | | 10-yr | 2.38% | +0.05 / +1.97% | | | Euro | $1.17 | -0.00 / -0.02% | | | |
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