econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



26Sep2017 Pre-Market Commentary: Wall Street To Open Higher, North Korea And Fed Nerves Stifle Global Stocks, Euro Still Groggy, Crude And US Dollar Move Higher, Gold Rising Further Above The 1,300 Level

Written by Gary

US stock market indexes are fractionally positive this morning (SPY +0.2%) as tensions with NOKO rise with 'Kook Kim' threatening to shoot down American warplanes.


Here is the current market situation from CNN Money

European markets are higher today with shares in France leading the region. The CAC 40 is up 0.97% while Germany's DAX is up 0.10% and London's FTSE 100 is up 0.05%.

What Is Moving the Markets

Here are the headlines moving the markets.

North Korea, Fed nerves stifle global stocks, euro still groggy

LONDON (Reuters) - World stocks and the euro fell for a fourth day on Tuesday, as investors who had piled into both all year took a step back as the list of global uncertainties began to lengthen again.

U.S. Commerce Secretary Ross tells China to guarantee fair treatment for U.S. firms

BEIJING (Reuters) - U.S. Commerce Secretary Wilbur Ross said China needed to "guarantee fair and reciprocal treatment for U.S. firms" as he tried to strike an upbeat tone on a visit to Beijing amid trade tensions between the two countries.

Western Digital to seek injunction to block Toshiba's $18 billion chip unit sale

TOKYO (Reuters) - Western Digital Corp said on Tuesday it will seek an injunction to block the sale of Toshiba Corp's prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner.

Exclusive: SEC hackers accessed authentic data used by companies in tests - sources

WASHINGTON/SAN FRANCISCO (Reuters) - Hackers breached the U.S. Securities and Exchange Commission's computer system last year by taking advantage of companies that used authentic financial data when they were testing the agency's corporate filing system, according to sources familiar with the matter.

U.S. companies urge EU to refrain from unilateral moves on Web tax

BRUSSELS (Reuters) - The European Union's plans to increase taxes on digital firms risks undermining the bloc's growth and stifle global efforts to find common solutions, U.S. companies operating in the EU said on Tuesday.

Alibaba takes control of logistics business, pledges $15 billion to expand network

HONG KONG/BEIJING (Reuters) - Chinese e-commerce firm Alibaba Group has taken control of logistics unit Cainiao and pledged to spend 100 billion yuan ($15 billion) over five years to build out a global logistics network, underscoring aggressive expansion plans overseas.

Under activist pressure, Nestle sets margin goal

LONDON/ZURICH (Reuters) - Nestle , under pressure from activist shareholder Third Point, set an operating margin target for the first time, although it was seen as conservative and fell short of rival Unilever's ambitions .

China's iQiyi considers U.S. listing as early as 2018: source

HONG KONG/BEIJING (Reuters) - Baidu Inc's video streaming service iQiyi, a Chinese-style Netflix , is eyeing a potential initial public offering in the United States as early as next year, a person with direct knowledge of the plans said on Tuesday. The listing could value the company at between $8 billion and $10 billion, Bloomberg reported earlier, citing two people familiar with the matter.

Disney tests new store design as shoppers go online

LOS ANGELES (Reuters) - Walt Disney Co is testing the first major redesign of its retail stores in seven years, adding interactive experiences and live streams of theme park parades to lure consumers tempted by online shopping.

Angry Steve Bannon Blasts NFL And Mitch McConnell; Predicts "Day Of Reckoning" For Republicans

Last night, after a fiery campaign appearance for Judge Roy Moore in Alabama, former White House Chief Strategist Steve Bannon took to Fox News to lash out at everyone from NFL players taking a knee at football games to the "spineless" Republican establishment. Here's a recap of the more salient points:

"If people in this country take a knee and the national football players want to take a knee, they should take a knee at night, every night, and thank God in heaven Donald J. Trump is president of the United States."

"He has saved this country so much grief. He has done such a tremendous job with virtually no help."

"I stepped out to make sure that Mitch McConnell and the Republican establishment start to have a Republican back. Mitch McConnell wouldn't be majority leader if Donald Trump didn't drag half a dozen senators across the goal line in November."

"So it's time for the Republican establishment to step up and have the back of President Trump."

Bannon on anthem protests: They should take a knee...every night & thank God in heaven Donald J. #Trump is President https://t.co/SZjLuXDlJ7 pic.twitter.com/Y8gKxk6lne

— Fox News (@FoxNews) September 26, 2017

Meanwhile, as Politico notes, Bannon's comments on Fox News were somewhat tame compared to the verbal lashing ...

US To Restrict Russian Military Flights Over American Territory

As relations between the US and Russia continue to strain, US officials are preparing restrictions for Russian military flights over American territory, permitted by the Treaty on Open Skies, a 2002 agreement involving 34 countries that allows signatories to conduct aerial surveillance of military installations and other sensitive sites, according to the Wall Street Journal. Tensions over the treaty intensified over two days in early August when, as we reported, a Russian jet flew over several US cities including Washington DC and Bedminster NJ, while President Donald Trump was staying at the Trump National Golf Club in the town.

The Open Skies Treaty has been in effect since 2002, and has enabled more than 1,200 flights meant to help verify that signatories are in compliance with arms control agreements, according to the US Defense Threat Reduction Agency (DTRA). Notably, under the freedom permitted by Open Skies, the Russian plane was authorized to enter P-56, the highly secure airspace surrounding the White House.

But now, predictably, US military officials suspect that Russia is trying to hide something from the prying eyes of spy planes flying overhead: Recently, the Kremlin imposed restrictions on flights over Kaliningrad, Russia's Baltic Sea exclave, which US officials believe is host to a cache of sophisticated weapons, according to the WSJ.

While the treaty allows for a per-flight range of 5,500 kilometers (3,418 miles), Russia has enforced a "sub-limit& ...

Frontrunning: September 26



Demise of Obamacare Repeal Shows How Far GOP Remains From Goal (BBG)

Republican's Latest Tax Plan Has Little Room to Maneuver (WSJ)

Mexico in three-day countdown to search for earthquake survivors (Reuters)

Oil near 26-month high as Turkey threatens to choke Kurdish exports (Reuters)

North Korea bolsters defenses after flight by U.S. bombers as rhetoric escalates (Reuters)

U.S. to Curb Russian Military Flights Over America (WSJ)

U.S. Commerce Secretary Ross tells China to guarantee fair treatment for U.S. firms (Reuters)

Novogratz Says Bitcoin Is a Bubble, But You Should Own It (BBG)

Citi Says Get Ready for an Oil Squeeze (BBG)

Alibaba takes control of logistics business, pledges $15 billion to expa ...

"Great Anger": Trump Slams NFL Whose "Ratings Are Way Down" After "Tremendous Backlash"

President Trump continued his feud with NFL "kneelers" for the fifth consecutive day, when early on Tuesday he tweeted that ratings for NFL games are "way down except before the game starts, when people tune in to see whether or not our country will be disrespected."

Ratings for NFL football are way down except before game starts, when people tune in to see whether or not our country will be disrespected!

— Donald J. Trump (@realDonaldTrump) September 26, 2017

The president noted the boos heard when the Dallas Cowboys knelt before the national anthem Monday night saying there was "Great anger." As shown last night...

Crowd erupts in boos as owner Jerry Jones and entire Dallas Cowboys team kneel live on Monday Night Football pic.twitter.com/ZBKt3KMXYR

— Jack Posobiec (@JackPosobiec) September 26, 2017

... the Cowboys and owner Jerry Jones knelt before the anthem began, leading to boos from the crowd, but then stood as the anthem was sung.

The booing at the NFL football game last night, when the entire Dallas team dropped to its knees, was loudest I have ever heard. Great anger

— Donald J. Trump (@realDonaldTrump) September 26, 2017

Trump then said that "while Dallas dropped to its knees as a team, they all stood up for our National Anthem. Big ...

Why Emerging Markets Aren't Too Hot to Handle

The Fed's apparent desire to push on with tightening policy may give emerging markets a pause. But if global growth continues, then a pause is all it should be.

Alibaba's Latest Deal Finally Takes Deliveries Into Account

Chinese e-commerce giant Alibaba's decision to consolidate earnings from its logistics subsidiary Cainiao may improve delivery—but at a cost.

Oil's Move Higher Now Rests Squarely on U.S. Shoulders

Oil is back in a bull market, but China is slowing down. Oftentimes, those two things aren't compatible.

Market Snapshot: Dow futures in holding pattern after 3-session skid

U.S. stock futures on Tuesday point to a muted open, as the Dow looks set to stabilize after three down sessions in a row.

Bond Report: Treasury yields stabilize as traders brace for data, Fed speakers

U.S. Treasurys are holding their ground Tuesday, leaving yields little changed, as investors await a spate of data and remarks by Federal Reserve Chairwoman Janet Yellen, which could shape the day's trading action.

The Tell: A rising share of Wall Street CFOs think this stock market is 'bubblicious'

Wall Street stocks have been mostly on a record-setting uptrend and that has raised concerns from C-suite executives tasked with managing a corporation's money, according to a quarterly survey conducted by Deloitte.

Earnings Summary for Today

Earnings Calendar provided by Investing.com.

leading Stock Positions

Leading Stock Quotes powered by Investing.com

Current Commodity Prices


Commodities are powered by Investing.com

Current Currency Crosses

The Forex Quotes are powered by Investing.com.



To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

Click here for Historical Releases Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.




Econintersect Live Market







search_box
Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.







Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved