10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, HPE, GS, JPM, WMT)

Philippines protest DuterteReuters/Romeo Ranoco

Here is what you need to know. Sign up here to get "10 Things" delivered directly to your inbox.

North Korea responds to Trump's UN speech. Moments after North Korean leader Kim Jong Un called Trump "mentally deranged," Ri Yong Ho, minister of foreign affairs, said his country may consider testing a hydrogen bomb in the Pacific Ocean.

Hong Kong loses its AAA rating. On day after downgrading China, S&P downgraded Hong Kong one notch to AA+, citing the close ties between the two places, Reuters says. 

A UBS survey found 15% of eurozone companies plan to move everyone out of the UKA UBS survey of 1,200 major corporations across the eurozone found that 15% plan to move everyone out of the United Kingdom following Brexit, and another 28% say they will remove "a large amount" of capacity. 

Goldman Sachs doesn't see a bear market for US stocksGoldman's Bear Market Risk Indicator sits a 67%, a level that has acted as a lead indicator for past bear markets, but the bank says, "Without monetary policy tightening much, concerns about a looming recession — and therefore risks of a ‘cyclical’ bear market — are lower."

JPMorgan retains the crown as king of Wall StreetJPMorgan ranked first in investment banking and FICC (fixed income, currencies, and commodities) and tied for first in equities with Morgan Stanley, according to data-analytics company Coalition.

MongoDB files to go publicThe database startup, which was recently valued at $1.6 billion, will become the seventh "unicorn" to go public in 2017. 

Hewlett Packard Enterprise is reportedly laying off 5,000 employeesThe job cuts will impact about 10% of Hewlett Packard Enterprise's workforce and are part of a wider effort to slash costs, Bloomberg reports. 

Alice Walton becomes the world's richest womanThe Walmart heiress, worth an estimated $38.4 billion, reclaimed the title as world's richest woman following the death of L'Oreal heiress Liliane Bettencourt.

Stock markets around the world trade mixedHong Kong's Hang Seng (-0.82%) lagged in Asia and Germany's DAX (+0.27%) leads in Europe. The S&P 500 is set to open little changed near 2,501.

US economic data is lightMarkit US Composite PMI will be released at 9:45 a.m. ET. The US 10-year yield is down 2 basis points at 2.25%. 

No comments:

Powered by Blogger.