Anything For You All: 10 things you need to know before the opening bell

Jumat, 12 Juni 2020

10 things you need to know before the opening bell


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10 Things Before the Opening Bell

Here's what you need to know before the markets open.

1. European stocks rally despite investor fears of a second coronavirus wave in the US and a record contraction in the UK economy. European stocks and US futures reversed losses on Friday despite investors turning wary of a second coronavirus wave in the US, dashing hopes for a stronger pickup in the economy

2. Markets are in for a 'real bruising' because 'everyone thinks they're smarter than Warren Buffett' Jim Cramer says after Wall Street's brutal sell-off. Jim Cramer is not too sympathetic to investors after Wall Street's bitter Thursday sell-off.

3. Carnival's stock has jumped almost 150% in the last 2 months, but one money manager says it's set for a fresh crash. Those who thought Carnival's stock got a boost from more upbeat employment figures last week should think again, according to one analyst, who says the cruise giant's stock is in for a bumpy ride in the coming months.

4. Vast amounts of Venezuelan oil are reportedly hidden en route to China, bypassing US sanctions Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing.

5. US manufacturers struggle to keep workers in face of weak demand.Many US firms brought back workers they had previously furloughed thanks to government loans, but many say they don't have enough work for them.

6. SoftBank share buybacks near $3 billion despite May slowdown. Softbank's share buybacks slowed in May, a company filing showed on Friday, although total purchases to support its share price since March reached 312 billion yen ($2.9 billion).

7. EU regulators to decide on Alstom, Bombardier deal by July 16. EU antitrust regulators have set a July 16 deadline for a decision on whether to clear French TGV high-speed train maker Alstom's bid for Bombardier Inc's rail division, according to a filing on the European Commission website.

8. Zoom admits it took down US-based protesters' accounts at China's behest and promises not to enforce similar censorship requests. Zoom has admitted it blocked the accounts of Chinese human rights campaigners because China asked it to.

9. Quarter earnings coming in. Cybozu Q1 2021 earnings are due. Mahindra & Mahindra Q4 2020 earnings are due.

10. Economic data releases today. Fed's Barkin speech and US' Baker Hughes US Rig Count are due.