1. Change at Unilever: Unilever CEO Paul Polman will retire at the end of the year after a decade in charge of one of the world's biggest consumer goods businesses. He will be succeeded by Alan Jope, current head of the group's beauty and personal care business.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -73.00 | | -41.75 | | -9.50 | | -0.29% | | -0.60% | | -0.35% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +85.58 | | -34.29 | | +51.09 | | 22,262.60 | | 2,567.44 | | 7,055.61 | | +0.39% | | -1.32% | | +0.73% | | | |
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| | | Biggest Winners | | Nielsen Holdings PLC | +2.57% | | | | Qualcomm Inc | +1.50% | | | | Mcdonald's Corp | +1.06% | | | | Kohls Corp | +0.85% | | | Biggest Losers | | Salesforce.com Inc | -1.84% | | | | Norwegian Cruise Line Holdings Ltd | -1.34% | | | | Amazon.com Inc | -1.06% | | | | Intel Corp | -1.00% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Unilever CEO to retire; Fed minutes; Nissan and Renault meet | | By Ivana Kottasová, CNN Business | | | | 1. Change at Unilever: Unilever CEO Paul Polman will retire at the end of the year after a decade in charge of one of the world's biggest consumer goods businesses. | | | | He will be succeeded by Alan Jope, current head of the group's beauty and personal care business. | | | | The move comes after Unilever was forced to scrap a plan to move its headquarters out of the United Kingdom because of an investor revolt. Shares in Unilever (UL) were trading slightly higher on Thursday. | | | | 2. Fed moves: US stock markets staged a dramatic rally on Wednesday after Federal Reserve chief Jerome Powell hinted at a willingness to pause rate hikes next year. | | | | The Dow soared 2.5%. The S&P 500 gained 2.3% and the Nasdaq added 3%. | | | | The Fed has been trying to strike a balance between not moving too fast and risking shortening the US economy's longest running expansion versus not moving too slowly and risking the economy overheating. | | | | Stock markets have slumped recently in part because investors are worried that the Fed is hiking interest rates too aggressively. | | | | The next big indicator could come Thursday: The central bank will release minutes from its November meeting at 2 pm. ET. | | | | 3. Global market overview: US stock futures were pointing lower. European markets opened higher, while stocks in Asia were mixed. | | | | US crude oil prices dipped below $50 on Thursday. It's the first time oil prices have sunk below the key psychological barrier in over a year. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 4. Companies and economics: Executives from Nissan (NSANY), Mitsubishi Motors (MMTOF) and Renault (RNSDF) will meet Thursday in Amsterdam. | | | | The industry alliance has been rocked by the arrest of Carlos Ghosn, who has been ousted as chairman of Nissan and Mitsubishi Motors following allegations of financial misconduct. | | | | The companies released a joint statement on Thursday, saying they remain "fully committed" to the alliance that Ghosn forged. Ghosn has denied wrongdoing, according to Japanese public broadcaster NHK. | | | | Abercrombie & Fitch (ANF), Dollar Tree (DLTR) and Express (EXPR) will release earnings before the open. | | | | GameStop (GME) and HP (HPQ) will follow after the close. | | | | The US Bureau of Economic Analysis will publish data on personal income for October at 8:30 a.m. ET. | | | | Swiss GDP unexpectedly dropped 0.2% in the third quarter because of weakness in exports and manufacturing. The downturn reflects a wider economic slowdown in Europe. | | | | Markets Now newsletter: Get a global markets snapshot every afternoon. Sign up now! | | | | | | | |
| | | | | | Thursday — Dollar Tree (DLTR), Abercrombie & Fitch (ANF) and HP (HPQ) earnings; Fed notes released
Friday — G20 begins in Argentina | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $49.83 | -0.46 / -0.91% | | | Gold | $1,224.30 | +0.70 / +0.06% | | | 10-yr | 3.04% | -0.01 | | | Euro | $1.14 | -0.00 / -0.12% | | | |
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