Dow Futures contract was slip 25 points, U.S. market news Dec 28

Dow Futures

Dow Futures

Dow Futures contract was down 25 points, or 0.1%, while the S&P 500 Futures contract was up 6 points, or 0.1%, and Nasdaq 100 Futures contract was up 55 points, or 0.3%.

1. What’s moving markets? Apple’s court victory, Xiaomi’s EV move, and a weak dollar.
2. Stock futures in the United States are basically flat; unemployment claims are due.
3. The United States will assist Ukraine with up to $250 million in weaponry and equipment – Blinken
4. Ted Pick, Morgan Stanley’s new CEO, is a straight shooter.
5. Anglo American is to sell 49% of its investment in a UK mining project, according to a report.
6. PSI Group intends to go public by merging with AIB Acquisition.
7. Oil prices are leveling off as Red Sea transit difficulties subside.
8. Bond bulls in the United States are looking to the 2024 Fed shift to prolong the current surge.
9. In a difficult year for banks, JPMorgan’s record profit stands out.
10. “Court Overturns Apple Watch Sales Ban, Giving Hope to $17 Billion Industry”
11. Nasdaq futures outperform the S&P 500, while the Dow outperforms employment and housing data.
12. Red Sea shipping workarounds increase supplier and retailer costs and cause delays.
13. Sales of electric vehicles in the US have reached a standstill: obstacles and prospects
14. GM is suing San Francisco, claiming penalties and back taxes totaling $121 million.
15. The dollar declines as speculators anticipate US rate cuts in 2019.
16. US allies on the Red Sea task group are hesitant.
17. The Coinbase CFO divests a $175K share as part of the trading plan.
18. Sidus Space requests 197K shares to be sold to investors.
19. Elizabeth T. O’Neill, COO of Levi Strauss, sells a $662K share as part of a trading plan.
20. Weekly rail traffic in the US increases by 24.2% year over year.

GLOBAL NEWS 

1. Japan’s markets are lower at the close of trade, with the Nikkei 225 down 0.42%.
2. India’s stock market closed higher, with the Nifty 50 up 0.57%.
3. Australia’s markets ended the day stronger; the S&P/ASX 200 was up 0.70 percent.
4. Following minor advances on Wall Street, global stock market indices were neutral.
5. Maersk will transport practically all of its ships through Suez, according to the schedule.
6. Baidu’s ‘Ernie’ AI bot has more than 100 million users.
7. Toyota’s Daihatsu will pay lower-tier suppliers for production pauses.
8. Nio reports the $2.2 billion investment deal’s conclusion.
9. As global stock markets rise, European markets show very slight gains.
10. Report: Anglo American will sell 49% of UK mining project stake
11. Asia-Pacific stocks soar overnight while global stocks do as well.
12. Xiaomi, a Chinese smartphone manufacturer, has unveiled its first electric vehicle.
13. Israeli strikes in Gaza increase the Palestinian casualties in the conflict with Hamas.
14. Dollar and euro companies vs Russian roubles amid tax support
15. The most significant two-month rise in decades bails out battered bond markets
16. Workarounds for Red Sea shipping raise costs and cause delays for suppliers and retailers.
17. According to a Reuters survey, China’s manufacturing activity in December likely dropped for the third month in a row.
18. Singapore prepares to raise its sales tax as a demographic crisis looms.
19. Toyota subsidiary Daihatsu will reimburse lower-tier suppliers for manufacturing halts.
20. November manufacturing production in Japan declines due to weaker cars.
21. Credit Suisse gets fined in Singapore for manager misconduct.
22. North Korean leader Kim Jong Un instructs the military to boost war preparations – state media
23. During the funeral of a senior Guards aide, Iran’s Supreme Leader offers prayers -TV

Economic Data

• US Redbook yr/yr actual 4.1% versus forecast n/a and previous 3.6%.
•  Richmond Fed Composite Manufacturing Index actual -11 versus forecast -3 and previous -5.

Global news Updates

Economic Calendar

8:30 International Trade in Goods (Advance)

8:30 Initial Jobless Claims

8:30 Retail Inventories (Advance)

8:30 Wholesale Inventories (Advance)

10:00 Pending Home Sales

10:30 EIA Natural Gas Inventory

11:00 Petroleum Inventories

1:00 Results of $40B, 7-Year Note Auction

4:30 Fed Balance Sheet

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