Here is what you need to know.
ADVERTISEMENT
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, QCOM, AVGO, BCS, X)
This is what traders are talking about.
ADVERTISEMENT
Recommended articles
Trump is reportedly looking at tariffs on $60 billion of Chinese tech imports. President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports and will target the technology and telecommunications sectors amid a US investigation into intellectual property theft, Reuters says.
Conor Lamb declares victory in Pennsylvania special election. The Democrat has declared victory in a district Trump won by 20 points in 2016, though the race remained too close to officially call early Wednesday without accounting for absentee ballots.
China's industrial sectors roar back to life. China’s industrial output grew by 7.2% between January and February compared to the same period a year earlier, making for the fastest growth since June 2017, according to data released by China’s National Bureau of Statistics.
ADVERTISEMENT
It'll take Britain 46 years to pay its Brexit divorce bill. The UK government won’t finish paying its £37.1 billion ($51.77 billion) Brexit divorce bill until 2064,
Barclays strikes a payment deal with cryptocurrency exchange Coinbase in the UK. Barclays has agreed to offer Coinbase access to the UK's Faster Payments Scheme after the cryptocurrency exchange received regulatory approval.
Broadcom is reportedly getting ready to end its bid for Qualcomm. Broadcom is reportedly planning to scrap its bid for Qualcomm after President Donald Trump blocked the chipmaker's proposed acquisition on the grounds of national security grounds, Reuters says. The company is still planing to relocate to the US.
US Steel got whacked. Shares of US Steel fell as much as 8.1% Tuesday after the company raised its guidance due to Trump's tariffs, but fell short of Wall Street expectations.
Stock markets around the world trade mixed. Japan's Nikkei (-0.87%) lagged in Asia and Germany's DAX (+0.28%) leads in Europe. The S&P 500 is set to open up 0.47% near 2,778.
ADVERTISEMENT
Earnings reports keep coming. Express and Signet Jewelers report ahead of the opening bell.
US economic data flows. Retail sales and PPI will both be released at 8:30 a.m ET. The US 10-year yield is unchanged at 2.84%.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
J&J cough syrup recall widens as Tanzania, Rwanda, Zimbabwe join efforts
The Nigerian Naira goes from the worst-performing currency in the world to the best
Nigeria LNG Limited (NLNG) faces arbitration hurdles as Shell tables claims against Venture Global LNG over unsuppplied cargoes
African cities with the best quality of life index in Q1 2024
African countries with the most honorees in the 2024 Forbes Africa’s 30 under 30 list
Nigeria’s inflation hits 33.20% in March 2024- NBS
7 out of 10 Ugandans are living above their means
Amnesty International leads push to halt Shell asset sale in Nigeria
