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May 10 Premarket Briefing: 10 Things You Should Know


Here are 10 things you should know for Tuesday, May 10:

1. -- U.S. stock futures were rising Monday as oil prices rebounded and China's Cabinet approved measures to boost exports.

European stocks gained and Asian shares ended the session higher. Japan's Nikkei 225 index rose 2.2% while the Shanghai Composite inched up 0.02%.

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Oil prices in the U.S. rose almost 1% early Tuesday to $43.86 a barrel.

2. -- The economic calendar in the U.S. Tuesday includes the Job Openings and Labor Turnover Survey for March at 10 a.m. EDT, and Wholesale Inventories for March at 10 a.m.

3. -- U.S. stocks on Monday ended mixed after signs of progress in fighting a massive wildfire in Canada put a stop to a rally in crude oil.

The Dow Jones Industrial Average fell 0.2%, dragged down in part by major oiler Chevron (CVX - Get Report) . Meanwhile, the S&P 500 added 0.08% and the Nasdaq gained 0.3%.

4. -- Swiss lender Credit Suisse (CS - Get Report) posted a quarterly loss that was narrower-than-expected and CEO Tidjane Thiam reported progress on cost cuts.

Credit Suisse reported a net loss of Sfr302 million ($310.8 million) compared with a profit of Sfr1.05 billion a year earlier as the bank's restructuring global markets division plunged deep into the red and its investment banking and capital markets unit also posted a loss.

Thiam said January and February were "some of the most difficult markets on record with volumes and client activity drastically reduced." Despite a subsequent tentative pickup, he foresees "subdued market conditions" continuing through the second quarter and beyond.

Losses in global markets and investment banking were partly offset by rising sales and earnings in wealth...