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10 things you need to know before the opening bell
Reuters/Maxim Shemetov
Russian servicemen parade with tanks during the 72nd anniversary of the end of World War II on the Red Square in Moscow.
Here is what you need to know.
China’s inflation heats up. Consumer prices in China rose 1.2% in April, above the 0.9% print that economists were forecasting.
Oil jumps as inventories fall. West Texas Intermediate crude oil trades up 1.1% at $46.38 a barrel after the latest American Petroleum Institute data showed US oil inventories fell by 5.79 million barrels. The Energy Information Administration’s weekly inventory data is due out at 10:30 a.m. ET on Wednesday.
Apple’s market cap tops $800 billion. Shares of Apple closed at $153.99 a piece on Tuesday, making it the first US company to cross the $800 billion plateau, Reuters says.
Traders are doubling down on short bets against Snap. Bearish wagers against the social media company have reached their highest level since its March 1 initial public offering, climbing by more than $100 million over the past week, data from financial analytics firm S3 Partners shows. Short interest now sits at $946 million ahead of Snap’s earnings, which will cross the wires after Wednesday’s closing bell.
Pret A Manger is reportedly prepping for an IPO. The coffee and sandwich chain is reportedly getting ready for a New York IPO later in 2017, Bloomberg says.
Disney sees continued weakness at ESPN. Operating income from Disney’s cable networks fell 3% versus a year ago to $1.8 billion. ” The decrease in operating income was due to a decrease at ESPN, partially offset by increases at the Disney Channels and Freeform,” Disney said.
Yelp crashes after missing on revenue and slashing guidance. The business-reviews site said first quarter revenue came in at $197.3 million ($198.4 million expected) and lowered its full-year revenue forecast to a range of $850 million to $865 million, down from $880 million to $900 million. Shares crashed as much as 28% following Tuesday’s closing bell.
Nvidia spikes after its earnings beat. Shares of Nvidia spiked more than 14% in extended trading on Tuesday after the company reported first quarter revenue surged 48.4% versus a year ago.
Stock markets around the world are mostly lower. China’s Shanghai Composite (-0.9%) trailed in Asia and Germany’s DAX (-0.1%) fights for positive territory in Europe. The S&P 500 is set to open lower by 0.2% near 2,393.
Earnings reporting slows down a bit. Mylan, Sotheby’s, and Wendy’s are among the companies reporting ahead of the opening bell while 21st Century Fox, Snap, and Whole Foods highlight the names releasing their quarterly results after markets close.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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Reuters/Maxim Shemetov
Russian servicemen parade with tanks during the 72nd anniversary of the end of World War II on the Red Square in Moscow.
Here is what you need to know.
China’s inflation heats up. Consumer prices in China rose 1.2% in April, above the 0.9% print that economists were forecasting.
Oil jumps as inventories fall. West Texas Intermediate crude oil trades up 1.1% at $46.38 a barrel after the latest American Petroleum Institute data showed US oil inventories fell by 5.79 million barrels. The Energy Information Administration’s weekly inventory data is due out at 10:30 a.m. ET on Wednesday.
Apple’s market cap tops $800 billion. Shares of Apple closed at $153.99 a piece on Tuesday, making it the first US company to cross the $800 billion plateau, Reuters says.
Traders are doubling down on short bets against Snap. Bearish wagers against the social media company have reached their highest level since its March 1 initial public offering, climbing by more than $100 million over the past week, data from financial analytics firm S3 Partners shows. Short interest now sits at $946 million ahead of Snap’s earnings, which will cross the wires after Wednesday’s closing bell.
Pret A Manger is reportedly prepping for an IPO. The coffee and sandwich chain is reportedly getting ready for a New York IPO later in 2017, Bloomberg says.
Disney sees continued weakness at ESPN. Operating income from Disney’s cable networks fell 3%
Yelp crashes after missing on revenue and slashing guidance. The business-reviews site said first quarter revenue came in at $197.3 million ($198.4 million expected) and lowered its full-year revenue forecast to a range of $850 million to $865 million, down from $880 million to $900 million. Shares crashed as much as 28% following Tuesday’s closing bell.
Nvidia spikes after its earnings beat. Shares of Nvidia spiked more than 14% in extended trading on Tuesday after the company reported first quarter revenue surged 48.4% versus a year ago.
Stock markets around the world are mostly lower. China’s Shanghai Composite (-0.9%) trailed in Asia and Germany’s DAX (-0.1%) fights for positive territory in Europe. The S&P 500 is set to open lower by 0.2% near 2,393.
Earnings reporting slows down a bit. Mylan, Sotheby’s, and Wendy’s are among the companies reporting ahead of the opening bell while 21st Century Fox, Snap, and Whole Foods highlight the names releasing their quarterly results after markets close.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qZkKKl
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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Kini anda membaca artikel 10 things you need to know before the opening bell dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/10-things-you-need-to-know-before_10.html
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