1. Retail bonanza: It's a big day for global retailers. The US Census Bureau will publish retail sales data for February at 8:30 a.m. ET. Economists expect the report to show a 0.3% increase in sales over the previous month.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +92.00 | | +29.75 | | +7.00 | | +0.37% | | +0.42% | | +0.25% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -190.81 | | -18.86 | | +23.56 | | 21,777.29 | | 3,291.38 | | 7,162.34 | | -0.87% | | -0.57% | | +0.33% | | | |
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| | | Biggest Winners | | Ford Motor Co | +4.08% | | | | Micron Technology Inc | +1.36% | | | | Perrigo Company PLC | +1.24% | | | | Microsoft Corp | +0.94% | | | Biggest Losers | | General Electric Co | -0.55% | | | | Lam Research Corp | -0.43% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Big retail day; UK action on Russia; Prudential split | By Ivana Kottasová
Wednesday, March 14th, 6:02am | | | | 1. Retail bonanza: It's a big day for global retailers. | | | | The US Census Bureau will publish retail sales data for February at 8:30 a.m. ET. Economists expect the report to show a 0.3% increase in sales over the previous month. | | | | There will also be some US company data on offer. Clothing retailer Express will publish results before the open, and Williams-Sonoma will follow after the closing bell. | | | | Signet Jewelers will also report before the open. The company, which owns mall-based Kay, Jared and Zales, reported weak sales last quarter and over the holidays. Mall closures are hurting the affordable jewelery brands. | | | | In Europe, shares in Adidas jumped 9% after the company lifted its profit forecast and said fourth quarter sales had jumped 12%. The German sports retailer also announced a €3 billion ($3.7 billion) stock buyback program. | | | | Inditex, which owns the Zara fashion brand, reported a 7% growth in profits in 2017. The Spanish retailer also said its online sales grew 41% in 2017. Shares were trading 3% lower in Madrid. | | | | 2. US politics: US stock futures were pointing higher after a day of political turmoil. | | | | The Dow Jones industrial average dropped 0.7% on Tuesday after President Donald Trump ousted Secretary of State Rex Tillerson. The S&P 500 shed 0.6%, and the Nasdaq closed 1% lower. | | | | "US equity markets closed sharply lower after the dismissal of US Secretary of State Tillerson, despite the Nasdaq clocking a fresh intraday record high earlier in the session," analysts at Accendo Markets wrote in a note to clients. | | | | Meanwhile, the results were too close to call in an election to fill a congressional seat in Pennsylvania. | | | | The race has been viewed as a preview of mid-term elections to be held in November. Trump handily won the Pennsylvania district in 2016, and the close results suggest major losses for Republicans later this year. | | | | 3. UK to act on Russia: UK Prime Minister Theresa May is expected to outline how the UK will retaliate after a nerve agent was used to attack a former double agent and his daughter in Britain. | | | | Investors will be watching closely. The measures could include financial sanctions and asset freezes. | | | | 4. Global market overview: European markets opened mixed, following a negative session in Asia. | | | | US crude futures ticked up 0.4% to trade around $61 per barrel. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 5. Earnings and economics: Del Taco will publish results after the US close. | | | | Shares in Prudential jumped 5% after the insurance firm announced it will split itself into two separate companies. It will spin off the M&G Prudential UK and Europe business from Prudential plc, which will operate in the US, Asia and Africa. | | | | The US crude inventories report will be published at 10:30 a.m. ET. | | | | Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now! | | | | | | | |
| | | | | | Wednesday -- Signet Jewelers earnings; US retail sales
Thursday -- Dollar General, Broadcom earnings
Friday -- Tiffany earnings | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $61.01 | +0.30 / +0.49% | | | Gold | $1,325.30 | -1.80 / -0.14% | | | 10-yr | 2.85% | 0.00 / 0.00% | | | Euro | $1.24 | -0.00 / -0.19% | | | |
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