This is what we are seeing when the markets start on Wednesday.
–Future U.S. stock markets rose while investors waited for advances in stimulus talks, a new Federal Reserve orientation and key economic data.
Futures tied to the S&P 500 rose 0.2%, indicating that the breadth of the market may rise a second day after the New York opening bell. Nasdaq-100 futures rose 0.2%.
New retail sales figures showed that U.S. consumers have withdrawn purchases and limited holiday purchases in recent weeks, as the coronavirus pandemic triggered new business restrictions, which could lead to growth in six months.
Read our full market summary here.
What’s going on?
—Purchasing managers’ surveys, which will be published from 9:45 a.m., are likely to point to continued expansion in the United States, albeit at a slower pace than in recent months.
—The Federal Reserve will publish its latest political statement and its economic projections around 2 p.m.
Market Movers to Watch
– American Outdoor Brands Inc..
WITHOUT 14.87%
increased more than 10% before the market after the hunting equipment supplier made a profit over the last quarter as sales increased with more people, according to the company, wanting to devote time to activities in the outdoors.
—Actions on Tilray Inc.
TLRY 21.73%
rose more than 20% in pre-market trade after Bloomberg reported that he and his Canadian cannabis partner Aphria Inc..
APHA 2.12%
they are in advanced conversations to merge. If the two merge, the combined company could be Canada’s largest producer of marijuana. Aphria shares gained 5.5%.
– Good Times Restaurants GTIM 12.83%
shares gained more than 7.7% ahead of the market after fourth-quarter financial results showed the company earned profits over the previous year.
Social distancing markers are displayed outside a Brinker International Inc. restaurant. Chili’s Grill & Bar in Syracuse, New York, June 15, 2020.
Photo:
Maranie Staab / Bloomberg News
—The shares of Brinker International Inc. they fell 4.6% in pre-market trade after the restaurant operator said it would withdraw its fiscal guidance from the second quarter after the rise in Covid-19 cases led to the closure of canteens. The company’s chains include Chili’s Grill & Bar and Little Italy by Maggiano.
—The shares of Southwest Airlines Co. they declined 1.1% in premarket after the airline said travel cancellations were rising and leisure bookings were softening in December.
Market fact
—The Euro Stoxx Banks index is down more than 20% this year, compared to a 6% drop in the Euro Stoxx 50 blue-chip index. The European Central Bank said on Tuesday that lenders may restart limited dividend payments next year after the nine-month ban.
Table of the day
BP has bought a controlling stake in the largest US producer of carbon offsets, doubling a bet that forest preservation will be key for companies meeting their carbon reduction targets.
I have to read since you went to bed
Massachusetts regulators will file a complaint against Robinhood
Treasury designates Vietnam, Switzerland, as currency manipulators
December Fed meeting to focus on asset purchase
Investors are integrated into socially responsible ESGs dedicated to ESGs
American consumers stop spending at the beginning of the holiday shopping season
MSCI leaves Chinese shares on the US blacklist
Congressional leaders say they are closer to dealing with Covid-19’s year-end spending bill
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