Premarket: 6 issues to know earlier than the bell


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1. Modifications at GE: Basic Electrical will ship a significant replace on its technique on Monday.

John Flannery, the corporate’s new CEO, is beneath strain to revive investor confidence within the face of a severe money crunch. GE has misplaced a 3rd of its market worth to this point this 12 months, making it the most important Dow loser by an extended shot.

The Wall Road Journal reported Monday that Flannery will announce plans to deal with the corporate’s three greatest enterprise traces — aviation, energy and well being care.

Meaning the conglomerate could possibly be seeking to exit its different companies, together with lighting and diesel trains.

GE (GE) shares had been 1% increased in premarket buying and selling.

One other doable announcement: GE might ship simply the second minimize to its coveted dividend because the Nice Despair.

2. Extra bother for Could: The British pound was zero.5% decrease in opposition to the greenback after a turbulent weekend for Prime Minister Theresa Could.

Could, who leads an already fragile authorities, is beneath elevated strain after two ministers left her cupboard. She reportedly additionally faces a rise up from different cupboard members over her plans for Brexit.

One other downside: The Sunday Instances reported that as many as 40 members of parliament have agreed to signal a letter of no confidence within the prime minister.

The pound was buying and selling simply above $1.30, or 13% under the its place forward of the Brexit referendum in June 2016.

three. Oil in focus: Oil ministers from main vitality producers are assembly this week on the Abu Dhabi Worldwide Petroleum Exhibition and Convention.

OPEC and its allies agreed giant scale manufacturing cuts a 12 months in the past, with a purpose to do away with the world’s oil glut and assist costs. They’ve prolonged the settlement till March 2018.

The query now could be whether or not the cuts shall be prolonged even additional.

four. International market overview: U.S. stock futures had been up.

European markets opened increased, whereas markets in Asia ending the session combined.

The Dow Jones industrial average closed zero.2% decrease on Friday, pushing its loss for the week to zero.5%. The index had posted positive aspects in every of the eight earlier weeks.

The S&P 500 shed zero.1% and the Nasdaq closed flat.

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5. Firm information: Mattel (MAT) was up greater than 20% in prolonged buying and selling following stories that rival Hasbro (HAS) had provided to purchase the corporate.

Shares in British protection contractor Extremely Electronics dropped as a lot as 23% after the corporate’s CEO stepped down.

French vitality agency EDF dropped 6% in Paris after slicing its revenue forecast.

Tyson Meals (TSN) is ready to launch its earnings earlier than the U.S. open, whereas Well-known Dave’s (DAVE) will comply with after the shut.

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6. Coming this week:

Monday — GE hosts key assembly
Tuesday — Dwelling Depot, TJX earnings, Japan and Germany report GDP
Wednesday — Goal, Cisco (CSCO, Tech30), L Manufacturers earnings; U.S. retail gross sales for October; U.Ok. unemployment knowledge
Thursday — Greatest Purchase, Walmart, Hole, Viacom (VIA) earnings
Friday — Abercrombie & Fitch earnings

CNNMoney (London) First revealed November 13, 2017: four:51 AM ET





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