قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Premarket: Here's what you need to know before the bell

Premarket: Here's what you need to know before the bell



Stocks in Asia followed suit on Tuesday. Hong Kong's Hang Seng tumbled 2.1% as protesters targeted the city's international airport for a second day. Japan's Nikkei fell 1.1%.
In Europe, Britain's FTSE 100 shed 0.5% in early trading. Germany's DAX drops 1% after the ZEW economic sentiment indicator for August plunged.

Nervous investors are peeling into gold and ultra-safe government bonds. The 10-year US Treasury yield is below 1.7%, its lowest level in nearly three years. The 30-year Treasury yield is nearing an all-time low.

2. Singapore GDP: Singapore is headed for its weakest annual growth rate in a decade. It is blaming its troubles on the US-China trade war.

The country warned Tuesday that economic growth could fall to 0% this year. Previously, it predicted its economy would grow by 1

.5% to 2.5%.

That kind of growth would be the worst since 2009, when Singapore's GDP contracted by 0.6%, according to the International Monetary Fund.

The global growth outlook is weakened in part because of escalating trade tensions between the United States and China, Singapore's Ministry of Trade and Industry said.

a research note.

3. Argentina's rout: Emerging markets are back in the headlines after a surprise result in Argentina's primary election sent the country's currency and stocks plunging on Monday.

The fear of investors: that populists could replace the country's current, business-friendly government.

The country's Merval index closed down 38% while the Argentine peso plummeted 15% against the dollar. In an already volatile moment, such massive losses are putting investors on edge.

4. Coming soon: A new Before the Bell, packed with insight from CNN Business reporters and trusted experts.
Before the Bell Newsletter: Key Market News If you are not already getting our emails, click here to sign up for a redesigned newsletter that delivers the news, analysis and market charts you need to start your business day right. In your inbox. Subscribe now!
5. Coming this week:
Wednesday – Germany inflation rate; US inflation; JD.com ( JD ) and Tilray ( TLRY ) earnings
Wednesday China retail sales; Germany and Europe GDP; UK inflation; Luckin Coffee ( LK ) Macy's ( M ) and Canopy Growth

CGC ) earnings
Thursday – US retail sales; Alibaba ( BABA ) JCPenney ( JCP ) Walmart

[196545] ] WMT ) and NVIDIA ( NVDA ) earnings
Friday – US housing starts and building permits


Source link