1. The Trump market: President Trump finishes his first six months in office on Thursday, and stock markets like what they see. The Nasdaq closed at a record high on Wednesday to cap a nine-day winning streak. The S&P 500 also hit a new high.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +12.00 | | +0.75 | | +1.25 | | +0.06% | | +0.01% | | +0.05% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +123.73 | | +13.89 | | +48.61 | | 20,144.59 | | 3,244.86 | | 7,479.52 | | +0.62% | | +0.43% | | +0.65% | | | |
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| Key Stats | Latest | Today's Change | | | Oil | $47.28 | -0.04 / -0.08% | | | Gold | $1,237.30 | -4.70 / -0.38% | | | 10-yr | 2.27% | +0.01 / +0.22% | | | Euro | $1.15 | -0.00 / -0.14% | | | |
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| News: What you need to know about the markets | | | | | | | The Trump stock market; ECB tightrope; Brexit talks | By Ivana Kottasová
Thursday, July 20th, 5:03am | | | | 1. The Trump market: President Trump finishes his first six months in office on Thursday, and stock markets like what they see. | | | | The Nasdaq closed at a record high on Wednesday to cap a nine-day winning streak. The S&P 500 also hit a new high. | | | | The S&P 500 and Dow have gained roughly 9% since Trump took office, while the Nasdaq is up almost 15%. | | | | The momentum could continue on Thursday. U.S. stock futures were pointing to another day of gains. | | | | Still, there are doubts about Trump's economic agenda. Six months in, there has been little progress made on health care and tax reform. | | | | 2. ECB in focus: The European Central Bank will take the center stage on Thursday. | | | | The bank is likely to keep interest rates steady when its meeting wraps up at 7:45 a.m. ET. | | | | But investors will be on alert for any change in language when president Mario Draghi speaks at 8:30 a.m. ET. | | | | The bank is expected to start winding down its stimulus program next year, and investors are anxious about the economic implications. | | | | The central bank removed any reference to future interest rate cuts from its policy statement in June. | | | | 3. Brexit talks: The second round of divorce talks between Britain and the European Union wrap up on Thursday. | | | | The two sides have been discussing key issues such as citizens' rights and the future of the border with Ireland. | | | | Chief EU negotiator Michel Barnier and U.K. Brexit secretary David Davis will give update on the talks later on Thursday. | | | | Meanwhile, Prime Minister Theresa May and Treasury chief Philip Hammond will meet U.K. business leaders. | | | | Brexit and the economy will be on the agenda at the first meeting of the new business council. | | | | Some major firms have already announced they will move jobs out of Britain over Brexit. Others have delayed key investments. | | | | 4. Global market overview: European markets were mostly higher in early trading. | | | | Asian markets ended the session mixed. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 5. Earnings and economics: Philip Morris International, Sherwin-Williams and Union Pacific are set to announce earnings before the open, while eBay, Microsoft and Visa will follow after the close. | | | | Unilever reported a rise in sales and profits early on Thursday. Analysts have speculated that the company may become the target of a hostile takeover by Kraft Heinz, which walked away from an earlier bid in February. | | | | The U.S. Department of Labor plans to release its initial claims report at 8:30 a.m. ET. | | | | The Bank of Japan announced Thursday that it was keeping interest rates on hold. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | Thursday -- Microsoft, eBay and Visa earnings; Carrier layoffs begin; ECB and Bank of Japan announce policy decisions
Friday -- General Electric and Honeywell earnings | | | | | | | |
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