Dow futures falls 10 points, U.S. market news Aug 29

Dow futures

Dow Futures contract was down 10 points, less than 0.1%, S&P 500 Futures traded almost steady and Nasdaq 100 Futures lost 9 points, or 0.1%.by 07:00 ET (11:00 GMT).

US NEWS

1. Futures prices are hardly changed ahead of the data deluge – what’s driving markets? 
2. Dow futures largely flat; JOLTS data in spotlight
3. Profit at Bank of Montreal declines due to increased bad loan provisions. 
4. Vanguard joins BlackRock and withdraws support for shareholder resolutions on environment and social problems. 
5. The dollar is edging lower ahead of a massive data release. 
6. Oil prices remain stable as supply fears outweigh demand concerns. 
7. With his presidential bid, Foxconn founder Terry Gou muddies Taiwan’s electoral battle. 
8. Wall Street closes higher as investors anticipate US inflation and employment statistics. 
9. With his presidential bid, Foxconn founder Terry Gou muddies Taiwan’s electoral battle. 
10. Stocks in the United States are climbing as investors await major economic news. 
11. The 3M board of directors will vote on a multibillion-dollar settlement in the military earplug litigation. 
12. Goldman Sachs will sell its wealth management division to Creative Planning. 
13. Stan Chart will sell its jet leasing division to a Saudi wealth fund entity for $3.6 billion. 
14. NRTC Automation Group places a class 3 purchase order with Mullen. 
15. Micron and Intel express concerns with China before an export control conference is due to begin. 
16. Danaher, a medical technology company, will purchase Abcam for $5.7 billion. 
17. Miners and energy stocks propel the Canadian TSX to two-week highs. 
18. Reliance Industries of India has appointed Ambani children to its board of directors as part of its succession plan. 
19. Oil remains stable; rate hikes are possible fuel demand concerns; storm might disrupt supply 
20. Bankman-Fried of FTX is appealing a judge’s order to imprison him pending trial. 
21. Clients of Coinbase Wallet May Experience Issues, According to Coinbase When you sign in, you may see $0 balances. 
22. Following a $3.7 million profit streak in July, 1inch wallet purchases $10 million in ETH.  

GLOBAL NEWS 

1. Asian markets rose across the board after Wall Street had a positive day on Monday. The Nikkei 225 in Japan rose 0.2%, the Kospi in South Korea rose 0.3%, and the Hang Seng index in Hong Kong rose 0.8%. 
2. The STOXX 600 in Europe has its best day in a month, and Chinese-related equities are up. 
3. Japan’s markets are higher at the close of trade, with the Nikkei 225 up 0.10%. 
4. Australia’s stocks are higher at the close of trade, with the S&P/ASX 200 up 0.71%. 
5. European markets are up; the UK index is leading as German consumer sentiment falls. 
6. European stocks reach two-week highs, led by miners; NN Group shines 
7. Country Garden’s cash flow will be scrutinized as the ailing company prepares to disclose a deficit. 
8. World stocks are up as the China lift lasts for the time being. 
9. Japan’s regulator will keep an eye on the potential impact of the BOJ on smaller banks. 
10. Italy is preparing to take over Telecom Italia’s underwater cable division – draft 
11. Sweden’s GDP contracted in the second quarter, albeit less than expected. 
12. AgBank of China reports a 3.48% increase in first-half earnings. 
13. Asian stocks are down as China’s surge comes to a halt, and more economic data is expected. 
14. Asia FX is rising as the dollar falls ahead of a flood of data from the United States. 
15. Oil prices fall in response to economic data, and storm-related supply issues are highlighted. 
16. Gold prices are nearing a three-week high as the currency and rates fall. 
17. China’s surge is fueled by optimism, while bonds are betting on a slowdown. 
18. Policymakers in Japan are considering extending gasoline subsidies – 
19. BYD’s H1 profit triples as deliveries surpass records in China. 
20. LG Energy Solution in South Korea hopes to raise $1 billion in green bonds – 
21. China extends foreign worker tax benefits till 2027. 
22. Toyota will cease operations at all of its assembly plants in Japan owing to a system breakdown. 
23. In July, Hong Kong property prices fell for the third month in a row, down 1.1%. 
24. Star Entertainment in Australia turns a profit and reduces its debt. 
25. For $2.2 billion, a BYD entity acquires Jabil’s mobile parts business in China. 

Global Economic Data

German consumer sentiment is expected to fall in September, due to declining income expectations as the institute’s consumer sentiment index fell to -25.5 heading into September from a slightly revised -24.6 in August, below expectations of reading of -24.3.

Economic Calendar

7:45 AM ET              ICSC Weekly Retail Sales 

8:55 AM ET              Johnson/Redbook Weekly Sales 

9:00 AM                   Monthly Home Price Index for June 

9:00 AM                  CaseShiller 20-city M/M for June 

10:00 AM                Consumer Confidence for August 

10:00 AM                 JOLTs Job Openings for July 

1:00 PM                   US Treasury to sell $35B in 7-year notes. 

4:30 PM                   API Weekly Inventory Data 

Other Key Events:

Piper 2023 Texas Bank Tour, 8/28-8/30, in Dallas, TX 

Stephens Restaurant Investor Field Trip, 8/28-8/30 

Stifel Tech Executive Summit Deer Valley, 8/28-8/30, in Utah 

William Blair West Coast Med Tech & Life Sciences Field Trip, 8/28-8/31 in San Diego 

Must read a book about investing – check here

For details

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