Central bankers meet; Venezuela default; Wild Wings flying high


Business News - Opportunities - Reviews



Premarket: 5 things to know before the bell – Nov. 14, 2017

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

1. Central bank chatter: Top central bankers are appearing Tuesday at a conference in Frankfurt, Germany.

The heads of the Federal Reserve, European Central Bank, Bank of England and Bank of Japan will sit on a panel that addresses “challenges and opportunities of central bank communication.”

‘; var storytext = document.getElementById(‘storytext’); var heightToSkip = 0; function resetValues() { totalHeight = 0; targetChildElement = null; }
// Check if story is in the blacklist of articles to remove smartassets // [2017.07.27] Results of a one-off request from r.barbieri if(BLACKLIST[location.pathname] === true) { return } if(storytext == null) { console.log(“Error finding storytext element for SA embed”); return; } for ( i = 0; i 0) { heightToSkip -= storytext.childNodes[i].clientHeight; resetValues(); } else if(heightToSkip minHeight && targetChildElement != null) { //console.log(“total height = ” + totalHeight); //console.log(“childNode = ” + targetChildElement); storytext.childNodes[targetChildElement].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’; //console.log(storytext.childNodes[targetChildElement]); //SMARTASSET.setDivIndex(targetChildElement); SMARTASSET.setSmartAssetScript(); /* bail out since we’re done */ break; } } /* div with id=”smartassetcontainer”. Sanity check to only embed once */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].id !== “undefined” && storytext.childNodes[i].id === “smartassetcontainer”) { break; } /* div with id=”ie_column” */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].id !== “undefined” && storytext.childNodes[i].id === “ie_column”) { resetValues(); } /* embeds from twitter, facebook, youtube */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].classList.contains(’embed’)) { resetValues(); } /* cnn video player */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].classList.contains(‘cnnplayer’)) { resetValues(); } /* images */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘img’) { resetValues(); } /* images stored in figure tags */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘figure’) { if(storytext.childNodes[i].clientWidth

The discussion began at 5:00 a.m. ET.

2. Default in Caracas: Venezuela, a nation spiraling into a humanitarian crisis, has defaulted on its debt, according to a statement issued Monday night by S&P Global Ratings.

The agency said the 30-day grace period had expired for a payment that was due in October.

The default risks setting off a dangerous series of events that could exacerbate food and medical shortages in the country.

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

3. Stocks to watch: Shares in Buffalo Wild Wings (BWLD) are set to surge by about 30% following reports that private equity firm Roark Capital is trying to purchase the chain.

Roark Capital, which is based in Atlanta, owns a range of restaurant chains including Arby’s and Auntie Anne’s.

Shares in Madison Square Garden Company (MSG) could also be on the move after the firm announced CEO David O’Connor has left the business. The stock hit a record high last week.

Dick’s Sporting Goods (DKS), Home Depot (HD) and TJX (TJX) are among the firms reporting earnings before the opening bell.

4. Global market overview: U.S. stock futures were slightly lower, trading just below all-time highs set earlier this month.

European markets were mostly positive in early trading. Traders are digesting an inflation report from the U.K. that shows prices in the country rose by 3% in October from last year.

Stocks in Germany were in positive territory after the country reported better-than-expected GDP data.

“It will not get better than this,” economists at Berenberg Bank said of the 0.8% expansion over the previous quarter. The bank raised its forecast for annual GDP growth from 2.2% to 2.5%.

Most Asian markets ended the day with modest losses.

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

5. Coming this week:

Tuesday — Home Depot (HD), TJX (TJX) earnings
Wednesday — Target (TGT), Cisco (CSCO, Tech30), L Brands (LB) earnings; U.S. retail sales for October; U.K. unemployment
Thursday — Best Buy (BBY), Walmart (WMT), Gap (GPS), Viacom (VIA) earnings
Friday — Abercrombie & Fitch (ANF) earnings

CNNMoney (London) First published November 14, 2017: 5:13 AM ET


Business News - Opportunities - Reviews



Leave a Reply