1. Retail rebound: The US Census Bureau will release retail sales figures for April at 8:30 a.m. ET on Tuesday. Morgan Stanley analysts are expecting a rebound in consumer spending in the second quarter, led by an increase in sales at home improvement stores.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -38.00 | | -9.75 | | -2.75 | | -0.15% | | -0.14% | | -0.10% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -47.88 | | +18.09 | | +17.98 | | 22,818.02 | | 3,192.12 | | 7,728.96 | | -0.21% | | +0.57% | | +0.23% | | | |
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| | | Biggest Winners | | Symantec Corp | +2.80% | | | | Walmart Inc | +0.84% | | | | Activision Blizzard Inc | +0.81% | | | | Molson Coors Brewing Co | +0.55% | | | Biggest Losers | | Agilent Technologies Inc | -7.08% | | | | Home Depot Inc | -2.39% | | | | Ford Motor Co | -1.52% | | | | Lowe's Companies Inc | -0.67% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Retail hopes; China trade talks; German growth slows | By Ivana Kottasová
Tuesday, May 15th, 5:05am | | | | 1. Retail rebound: The US Census Bureau will release retail sales figures for April at 8:30 a.m. ET on Tuesday. | | | | Morgan Stanley analysts are expecting a rebound in consumer spending in the second quarter, led by an increase in sales at home improvement stores. | | | | Retailers have been suffering in recent quarters, partly because of lukewarm wage growth. Despite a healthy job market, wages rose 2.6% from a year ago in April, following 2.7% growth in March. | | | | Most experts think that number needs to be above 3% before consumers will start spending more. | | | | 2. Vodafone CEO to quit: Shares in Vodafone opened almost 4% lower in London on Tuesday, after long time CEO Vittorio Colao said he would step down in October. | | | | Colao, who's held the role since 2008, will be replaced by Vodafone's chief financial officer Nick Read. | | | | Vodafone announced last week it was buying Liberty Global's operations in Germany, the Czech Republic, Hungary and Romania, significantly increasing its footprint in the region. Vodafone is paying €10.8 billion ($12.8 billion) in cash for the businesses. | | | | 3. China trade talks: A Chinese delegation led by President Xi Jinping's top economic adviser is visiting the United States from Tuesday through Saturday for trade talks. | | | | The negotiations are aimed at dialing down tensions between the world's two biggest economies. | | | | While Liu is in Washington, American companies will be airing their views on President Donald Trump's plan to slap tariffs on around $50 billion worth of Chinese goods as punishment for alleged intellectual property theft. | | | | The US Trade Representative will hear from more than 100 businesses and trade groups starting Tuesday. | | | | 4. German slowdown: Germany's economic growth slowed to 0.3% quarter on quarter in the first three months of the year, from 0.6% the previous quarter. | | | | Economists were expecting growth of 0.4% in Europe's biggest economy. The German statistics office said domestic demand, construction and manufacturing were stronger, while foreign trade was "less dynamic." | | | | The wider eurozone posted growth of 0.4% in the first quarter, down from 0.7% in the last quarter of 2017. | | | | 5. Global market overview: US stock futures were pointing lower early on Tuesday, indicating the Dow Jones industrial average longest winning streak since September might come to an end. | | | | The Dow gained 0.3% on Monday, while the S&P 500 and the Nasdaq were both up 0.1%. | | | | European and Asian markets were mixed on Tuesday. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 6. Earnings and economics: Home Depot is set to release earnings before the open Tuesday. | | | | UK unemployment was unchanged at 4.2% in the three months to March, matching the lowest it has been since 1975. Average wages excluding bonuses rose by 2.9%, up from 2.8% in the three months to February. | | | | Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now! | | | | | | | |
| | | | | | Tuesday — Home Depot earnings; USTR hearing starts; US retail sales, UK jobs report
Wednesday — Macy's earnings
Thursday — JCPenney, Nordstrom earnings
Friday — Campbell Soup earnings | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $71.40 | +0.44 / +0.62% | | | Gold | $1,309.20 | -9.00 / -0.68% | | | 10-yr | 3.00% | 0.00 / 0.00% | | | Euro | $1.19 | -0.00 / -0.08% | | | |
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