Share

Stocks: 6 things to know before US open


premarket stocks trading futures
Click chart for in-depth premarket data.

1. Investors cheer FBI finding: FBI director James Comey said Sunday that his agency is sticking to its view that presidential candidate Hillary Clinton should not face criminal charges over her personal email server.

Global markets moved higher on the news. Analysts have predicted that stocks would suffer if Donald Trump was elected president, and this announcement could give Clinton a boost.

‘;
for (i = 0; i 4) {
afterParagraphFour = true;
}
currentParagraph = storytext.childNodes[i];
heights += currentParagraph.clientHeight;
if (heights = limit insertAfterThisParagraphIndex === -1) {
insertAfterThisParagraphIndex = SMARTASSET.setDivIndex(i);
console.log(“insert after paragraph number ” + i);
console.log(“HEIGHTS = ” + heights);
console.log(“LIMIT = ” + limit);
}
}
/* div with id=”ie_column” */
else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’
storytext.childNodes[i].id !== “undefined”
storytext.childNodes[i].id ===”ie_column”) {
heights = 0;
limit = 80;
insertAfterThisParagraphIndex = -1
}
/* embeds from twitter, facebook, youtube */
else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’
storytext.childNodes[i].classList.contains(’embed’)) {
heights = 0;
limit = 80;
insertAfterThisParagraphIndex = -1
}
/* cnn video player */
else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’
storytext.childNodes[i].classList.contains(‘cnnplayer’)) {
heights = 0;
limit = 80;
insertAfterThisParagraphIndex = -1
}
/* images */
else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘img’) {
heights = 0;
limit = 80;
}
/* images stored in figure tags */
else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘figure’) {
heights = 0;
limit = 80;
}
}
if (heights = 875 afterParagraphFour) {
storytext.childNodes[insertAfterThisParagraphIndex].insertAdjacentHTML(‘afterend’, smartAssetDiv);
smartasset = document.getElementById(‘smartasset-article’);
smartasset.style.float = ‘left’; // allows module to have text float to right
smartasset.style.marginRight =’20px’;
smartasset.style.marginBottom =’25px’;
}
}

SMARTASSET.setSmartAssetScript = function() {
console.log(‘starting setSmartAssetScript’);
SA = document.SA || [];
SA.push({
embedUrl: “https://smartasset.com”,
container: “#smartasset-article”,
version: 1.1,
data:
{ key: “bdknf2rinbhwvdksm6zbmhf3twrv4oih” }
/*{ key: “CNNe038d38a57032085441e7fe7010b0” }*/
});
console.log(‘finished in setSmartAssetScript push() call’);

var smscript = document.createElement(“script”);
smscript.type = “text/javascript”;
smscript.async = true;
smscript.src = (“https:” == document.location.protocol ? “https://” : “http://”) + “smartasset.com/embed.js”;

var s = document.getElementsByTagName(“script”)[0];
s.parentNode.insertBefore(smscript, s);
console.log(“finished entire function of setSmartAssetFunction()”);
};
SMARTASSET.setSmartAssetDiv();
SMARTASSET.setSmartAssetScript();

U.S. stock futures are surging by more than 1%, alongside European markets. Asian markets are also closing out the day with gains, though the moves higher weren’t as dramatic.

Investors are selling out of government bonds, with U.S. and Australian bonds feeling the biggest impact. And the Mexican peso is surging.

Comey said more than a week ago that the FBI was looking into new emails as part of its investigation into Clinton’s personal server. This contributed to a nine-day losing streak for the SP 500 — its longest since 1980.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

2. China’s finance minister gets booted: China has removed a top official who played an important role in trying to reform the country’s debt-laden economy for the past three years.

In a statement, the government said Finance Minister Lou Jiwei will be replaced by Xiao Jie, a former tax chief. No reason was given for the change, and the statement didn’t say what Lou might do next.

Lou, 65, held the job during a turbulent period for China’s economy, which is growing at its slowest pace in 25 years. He is credited with helping efforts to tackle the mountain of debt accumulated by local governments in China.

3. More trouble for Volkswagen: German prosecutors have expanded an investigation into the Volkswagen (VLKAY) emissions cheating scandal to include the automaker’s chairman, Hans Dieter Potsch.

Potsch was the company’s chief financial officer when the scandal erupted late last year. He became chairman soon afterward.

The German carmaker has admitted that it fitted as many as 11 million diesel vehicles worldwide with software that could cheat nitrogen oxide emissions tests. But it only came forward after the U.S. Environmental Protection Agency alerted the world to the issue.

Shares in Volkswagen are rising a bit Monday, but the gains are not enough to keep up with the rest of the market.

4. Market movers — Crude oil, HSBC, Ryanair: Crude oil futures are rising by about 2% to trade around $45 per barrel. Traders expect the world’s biggest oil producers — including Russia — will keep a lid on their production to ensure the market isn’t flooded with excess crude.

Shares in HSBC (HSBC) and Ryanair (RYAAY) are soaring in London trading after both companies reported well received quarterly results.

5. Earnings: Ferrari (RACE) and Sotheby’s (BID) are the key companies reporting quarterly results before the open.

Marriott (MAR), News Corp (NWS) and Priceline (PCLN, Tech30) are reporting after trading closes.

Download CNN MoneyStream for up-to-the-minute market data and news

6. Coming this week:
Monday – News Corp (NWS) and Marriott (MAR) earnings
Tuesday – U.S. presidential election
Wednesday – Viacom (VIAB), Sunoco (SUN)earnings, Megyn Kelly guest hosts with Kelly Ripa
Thursday – Macy’s (M) and Disney (DIS) earnings, Happy Singles Day in China!
Friday – J C Penney (JCP) earnings

Social Surge – What’s Trending

Mortgage Savings


Terms Conditions apply

NMLS #1136

span {
color: white;
font-size: 10px;
}
div.before-the-bell-sponsor-banner > img {
position: relative;
width: 100px;
top: 1px;
right: -5px;
}
#mce-EMAIL {
background-color:
border: none;
color:
display: block;
font-size: 15px;
height: 40px;
margin: 0 auto;
margin-top: 15px;
text-indent: 10px;
width: 90%;
}
#mce-responses .response {
margin: 0 auto; margin-top: 5px; width: 90%;
}
div.mce_inline_error {
position: relative;
font-size: 12px;
padding: 5px 0px 0px 17px;
}
.btb-privacy-policy {
font-size: 12px !important;
color: white;
}
.btb-privacy-policy:hover {
color:
}
#mce-error-response {
font-size: 12px;
}
#mce-success-response {
font-size: 12px;
}
#mce-error-response > a{
font-size: 12px;
display: block;
}
]]>

Newsletter


Sponsored by

Article source: http://rss.cnn.com/~r/rss/edition_business/~3/7S1R8Jvk4v4/index.html