Post by huh on Sept 1, 2016 7:17:11 GMT -5
10 things you need to know before the opening bell
China's manufacturing sector bounced back. China's Manufacturing PMI printed 50.4 in August, its highest reading since October 2014. Nonmanufacturing PMI, however, came in at 53.5, its weakest reading in three months.
Macau gaming revenue is positive for the first time in more than two years. Bloomberg reports that data from Macau's Gaming Inspection and Coordination Bureau shows that gross gaming revenue edged up 1.1% in August to 18.8 billion patacas ($2.4 billion). The increase in revenue was the first since May 2014.
The British economy got more good news after Brexit. Manufacturing PMI surged to a 10-month high of 53.3 in August, well above July's 48.3 print and ahead of the 49.0 that was expected. The British pound is stronger by 0.8% at 1.3240.
Ireland might try to keep its $14.5 billion Apple-tax windfall. The Irish government says it will announce a decision on Friday as to whether it will appeal the European Union's ruling against Dublin's tax dealings with Apple. A formal appeal must be filed in just over two months time.
Oil has given up its overnight gains. West Texas Intermediate crude oil climbed as high as $45.08 a barrel in early trade, but it is now down 0.3% near $44.60. On Wednesday the energy component tumbled more than 3.5% after US inventories showed a build that was much larger than expected.
Charter Communications is being added to the S&P 500. Charter will replace EMC, which will merge with Dell on September 7.
Top US McDonald's executive is on his way out. Mike Andres, the president of McDonald's USA, is retiring after 30 years at the company. Andres was the man behind the plan to bring all-day breakfast to the masses.
Stock markets around the world are mostly higher. Spain's IBEX (+1.5%) leads the charge in Europe after Hong Kong's Hang Seng (+0.8%) outperformed in Asia. China's Shanghai Composite (-0.7%) was a notable laggard. S&P 500 futures are up 3.50 points at 2,165.75.
Earnings reporting picks up a bit. Campbell Soup and Joy Global report ahead of the opening bell, while Lululemon Athletica and Smith & Wesson release their quarterly results after markets close.
US economic data is heavy. Productivity and initial jobless claims will be released at 8:30 a.m. ET before manufacturing PMI crosses the wires at 9:45 a.m. ET. Then, at 10 a.m. ET, construction spending and ISM manufacturing will be announced. US vehicle sales will be reported throughout the day. The US 10-year yield is higher by 2 basis points at 1.60%.
www.businessinsider.com/opening-bell-september-1-2016-2016-9
China's manufacturing sector bounced back. China's Manufacturing PMI printed 50.4 in August, its highest reading since October 2014. Nonmanufacturing PMI, however, came in at 53.5, its weakest reading in three months.
Macau gaming revenue is positive for the first time in more than two years. Bloomberg reports that data from Macau's Gaming Inspection and Coordination Bureau shows that gross gaming revenue edged up 1.1% in August to 18.8 billion patacas ($2.4 billion). The increase in revenue was the first since May 2014.
The British economy got more good news after Brexit. Manufacturing PMI surged to a 10-month high of 53.3 in August, well above July's 48.3 print and ahead of the 49.0 that was expected. The British pound is stronger by 0.8% at 1.3240.
Ireland might try to keep its $14.5 billion Apple-tax windfall. The Irish government says it will announce a decision on Friday as to whether it will appeal the European Union's ruling against Dublin's tax dealings with Apple. A formal appeal must be filed in just over two months time.
Oil has given up its overnight gains. West Texas Intermediate crude oil climbed as high as $45.08 a barrel in early trade, but it is now down 0.3% near $44.60. On Wednesday the energy component tumbled more than 3.5% after US inventories showed a build that was much larger than expected.
Charter Communications is being added to the S&P 500. Charter will replace EMC, which will merge with Dell on September 7.
Top US McDonald's executive is on his way out. Mike Andres, the president of McDonald's USA, is retiring after 30 years at the company. Andres was the man behind the plan to bring all-day breakfast to the masses.
Stock markets around the world are mostly higher. Spain's IBEX (+1.5%) leads the charge in Europe after Hong Kong's Hang Seng (+0.8%) outperformed in Asia. China's Shanghai Composite (-0.7%) was a notable laggard. S&P 500 futures are up 3.50 points at 2,165.75.
Earnings reporting picks up a bit. Campbell Soup and Joy Global report ahead of the opening bell, while Lululemon Athletica and Smith & Wesson release their quarterly results after markets close.
US economic data is heavy. Productivity and initial jobless claims will be released at 8:30 a.m. ET before manufacturing PMI crosses the wires at 9:45 a.m. ET. Then, at 10 a.m. ET, construction spending and ISM manufacturing will be announced. US vehicle sales will be reported throughout the day. The US 10-year yield is higher by 2 basis points at 1.60%.
www.businessinsider.com/opening-bell-september-1-2016-2016-9
is all I can muster this morning with this mkt.
