Actionable news
0
All posts from Actionable news
Actionable news in CSIQ: Canadian Solar Inc.,

Charlottesville, Market Rebound - 5 Things You Must Know Before the Market Open

If you'd like to receive the free "5 Things" newsletter, please register here.

Here are five things you must know for Monday, Aug. 14:

1. -- U.S. stock futures were higher on Monday, Aug. 14, following European market gains, as investors returned to riskier assets after a week of losses.

Last week, tensions escalated between North Korea and the U.S. after Trump warned of "fire and fury like the world has never seen" if North Korea continued to issue threats. North Korea then said it was assessing a potential missile attack on U.S. territory Guam.

Markets reacted poorly. The Dow Jones Industrial Average snapped a nine-day stretch of record closes, while the S&P 500 had its worst weekly loss since March 24. European indexes also sold off.

On Friday evening, Trump announced a planned press conference for Monday afternoon, though it is unclear whether North Korea will be discussed.

Geopolitical tensions could pressure markets further in the coming week if Trump's rhetoric continues to intensify as it has so far. On Friday morning, he tweeted that the U.S. military was "locked and loaded" in case of "unwise" actions by North Korea.

"That's what investors like the least," Bodhi Ganguli, lead economist at Dun & Bradstreet, told TheStreet. "Uncertainty of a kind that you cannot actually predict anything out of it at all."

2. -- Violence and chaos erupted in Charlottesville, VA over the weekend as white nationalists and protesters clashed. Events escalated when a car rammed into a protesting crowd, killing one and injuring at least 19 others. James Alex Fields, Jr. has been charged with second-degree murder in the death of 32-year-old Heather Heyer. Virginia Governor Terry McAuliffe declared a state of emergency...


More