1. Iran deal fallout: Oil prices have surged after President Donald Trump said the United States would exit the Iran nuclear deal. US crude futures jumped 3% on Wednesday to trade at $71 per barrel, their highest level since late 2014.
|
 |
| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +125.00 | | +19.75 | | +11.25 | | +0.51% | | +0.29% | | +0.42% | | | |
| |
| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -99.81 | | -2.35 | | +44.73 | | 22,408.88 | | 3,159.15 | | 7,610.48 | | -0.44% | | -0.07% | | +0.59% | | | |
| |
| | | Biggest Winners | | TripAdvisor Inc | +17.59% | | | | Arconic Inc | +2.64% | | | | Chevron Corp | +2.08% | | | | Devon Energy Corp | +1.51% | | | Biggest Losers | | Monster Beverage Corp | -8.59% | | | | Broadcom Inc | -1.61% | | | | PPL Corp | -0.91% | | | | Walt Disney Co | -0.30% | | | | | | | |
| |
| |
| News: What you need to know about the markets | | | | | | | Iran deal fallout; Liberty sale; Fox earnings | By Ivana Kottasová
Wednesday, May 9th, 4:44am | | | | 1. Iran deal fallout: Oil prices have surged after President Donald Trump said the United States would exit the Iran nuclear deal. | | | | US crude futures jumped 3% on Wednesday to trade at $71 per barrel, their highest level since late 2014. | | | | Trump said Tuesday that the United States would begin reinstating sanctions on Iran, raising fears of disruption in the oil market. | | | | Iran ramped up production by about 1 million barrels a day after sanctions were eased in 2016. Some of that oil could now be pulled from the market — at a time when oil prices are already rising because of production cuts by OPEC and Russia as well as instability in Venezuela. | | | | WATCH: 'Markets Now' with BlackRock chief equity strategist Kate Moore at 12:45 p.m. ET | | | | 2. Vodafone-Liberty deal: American media mogul John Malone is selling a big chunk of his cable and broadband empire to UK telecoms operator Vodafone for close to €10.6 billion ($13 billion). | | | | Vodafone is buying operations in Germany, the Czech Republic, Hungary and Romania from Malone's Liberty Global. | | | | Vodafone CEO Vittorio Colao said the acquisition will make the company "Europe's leading next generation network owner, serving the largest number of mobile customers and households across the EU." | | | | Shares in Vodafone jumped 1.8% after the announcement. | | | | Malone's Liberty Media is a minority investor in Time Warner, the parent company of CNN, according to Liberty Media's website. | | | | 3. Fox earnings: 21st Century Fox is scheduled to report earnings after the closing bell, and investors will be hoping for more hints on its future. | | | | Fox is mixed up in two complicated bidding wars, both as a buyer and a target. | | | | It is competing with Comcast to buy the British pay-TV provider Sky. At the same time, Disney, which is trying to buy most of Fox, is now facing potential rival bid for the assets from Comcast. | | | | Comcast is talking to investment banks about usurping the $52 billion Disney-Fox deal, three sources with knowledge of the matter told CNNMoney's Dylan Byers. | | | | Shares in Comcast dropped 6% on Tuesday. | | | | 4. Global market overview: US stock futures were higher. | | | | European markets and stocks in Asia struggled to find direction after Trump's bombshell Iran announcement. | | | | The Dow Jones industrial average, the S&P 500 and the Nasdaq closed little changed on Tuesday. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 5. Earnings and economics: Anheuser-Busch InBev, Cars.com, Groupon, Office Depot, Party City, Sinclair Broadcast, and Toyota Motor will release earnings before the open. | | | | 21st Century Fox, CenturyLink, Hostess Brands, Roku, and Rosetta Stone will follow after the close. | | | | Shares in TripAdvisor surged as much as 19% in extended trading after it reported better than expected earnings. | | | | The US Bureau of Labor Statistics will publish its producer price index for April at 8:30 a.m. ET. | | | | Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now! | | | | | | | |
| | | | | | Wednesday — 21st Century Fox earnings; PPI
Thursday — CPI
Friday — University of Michigan's Consumer Sentiment survey | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $70.85 | +1.79 / +2.59% | | | Gold | $1,306.60 | -7.10 / -0.54% | | | 10-yr | 2.97% | 0.00 / 0.00% | | | Euro | $1.19 | -0.00 / -0.09% | | | |
| |
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. | | | ® © 2018 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