1. A rocky start: London's stock market opened an hour behind schedule on Thursday following a rare trading outage in one of the world's busiest financial centers. A spokesperson for the London Stock Exchange confirmed that trading commenced at 4 a.m. ET after the opening auction was delayed.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +36.00 | | -1.75 | | +1.00 | | +0.14% | | -0.02% | | +0.04% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +197.53 | | -5.68 | | -13.25 | | 22,823.26 | | 3,109.50 | | 7,699.12 | | +0.87% | | -0.18% | | -0.17% | | | |
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| | | Biggest Winners | | TechnipFMC PLC | +2.86% | | | | Micron Technology Inc | +0.86% | | | | Kraft Heinz Co | +0.74% | | | | Freeport-McMoRan Inc | +0.55% | | | Biggest Losers | | AT&T Inc | -0.69% | | | | Carnival Corp | -0.55% | | | | Gilead Sciences Inc | -0.19% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Glitch in London; Trade action; More retail pain | | By Ivana Kottasová | | | | 1. A rocky start: London's stock market opened an hour behind schedule on Thursday following a rare trading outage in one of the world's busiest financial centers. | | | | A spokesperson for the London Stock Exchange confirmed that trading commenced at 4 a.m. ET after the opening auction was delayed. | | | | The spokesperson said the outage was caused by a technical issue, but did not elaborate. | | | | The benchmark FTSE 100 index, which includes global companies such as HSBC and Rio Tinto, gained 0.1% in early trade. | | | | Other major European markets were trading roughly 0.5% higher. | | | | 2. EU strikes back: The European Union has confirmed that its tariffs on roughly €2.8 billion ($3.3 billion) worth of American goods will go into effect in early July. | | | | The targeted items include denim, orange juice, bourbon, motorcycles, peanut butter, motor boats and cigarettes. | | | | The tariffs are a response to the Trump administration's decision to slap tariffs on steel and aluminum from some of its closest allies, including the European Union, Canada and Mexico. | | | | 3. More retail trouble: UK retailer House of Fraser is closing more than half its 59 department stores in the United Kingdom and Ireland. | | | | The company said that up to 6,000 jobs will be impacted. | | | | It's not the only UK retailer to find itself in trouble as Britain grapples with the uncertainty over the terms of its exit from the European Union. | | | | Toys 'R' Us has been wound down in the United Kingdom, costing thousands of workers their jobs. The electronics chain Maplin has gone into administration. Marks & Spencer announced last month it wants to close 100 UK locations, or about 10% of its stores. | | | | 4. Global market overview: US stock futures were pointing higher. | | | | European markets opened higher, following a positive session in Asia. | | | | The Dow Jones industrial average gained 1.4% on Wednesday, while the S&P 500 added 0.9% and the Nasdaq advanced 0.7%. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 5. Companies and economics: JM Smucker plans to release earnings before the open. | | | | Shares in Alphabet, Google's parent company, closed slightly lower on Wednesday after the Financial Times reported that the European Union is preparing to hit the company with a huge antitrust fine. | | | | An EU competition spokesperson declined to comment on the report. | | | | The US Labor Department will publish new initial jobless claims data at 8:30 a.m. ET. | | | | Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now! | | | | | | | |
| | | | | | Thursday — JM Smucker earnings
Friday — Baker Hughes US oil rig count report | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $65.09 | +0.36 / +0.56% | | | Gold | $1,303.40 | +2.00 / +0.15% | | | 10-yr | 2.98% | 0.00 / 0.00% | | | Euro | $1.18 | +0.00 / +0.34% | | | |
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