Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

US markets set for another mixed start with investors unsettled by fresh Sino-US tensions, awaiting progress on coronavirus relief bill

% of readers think this story is Fact. Add your two cents.


US markets look set for another mixed start on Monday with investors unsettled by fresh Sino-US tensions over Hong Kong, and as they also await signs of progress on a coronavirus relief bill.

Spread betting quotes point to the Dow Jones Industrials Average sliding 116 points to 30,102 and the S&P 500 index shedding 13 points at 3,686, but the tech-heavy Nasdaq Composite is seen rising 53 points to 12,517 when trading starts.

“Chinese stocks that are listed in the US, such as Alibaba, NIO and JD.com are likely to see a rise in volatility on the back of rising tension between the US and China,” suggested CMC’s David Madden.

“It is understood the US government is getting ready to sanction a number of officials from the Chinese administration for their undemocratic actions in the Hong Kong elections. This comes a few days after the US authorities revealed new legislation that would require foreign companies to have more transparent accounting practices if they want to list on US stock exchanges – something that Beijing didn’t welcome,” he added.

Index provider FTSE Russell said in Friday that it will delete shares of video security firm Hikvision and seven other Chinese companies from certain products after a US order restricting purchase of their shares.

In terms of US macroeconomic data expected today, the cupboard is apparently bare.

Six things to watch on Monday:

Bank shares were weak pre-market as, after months of deadlocked negotiations, pressure has mounted on policymakers to provide a stimulus package to alleviate the coronavirus (COVID-19) economic impact ahead of a December 11 deadline to approve an omnibus spending bill to prevent a government shutdown.

Pfizer Inc shares rose as top Indian government health adviser said the drugmaker applied for emergency use authorization of its COVID-19 vaccine in the country. A US health advisory panel also meets on Thursday to discuss whether to recommend emergency use authorization of the vaccine developed by Pfizer with German partner BioNTech SE.

Cisco Systems Inc edged  lower after the tech giant agreed to buy London-based cloud communications software company IMImobile in a deal valued at about $730mln, including debt.

Airbnb Inc has plans to raise the target price range for its initial public offering (IPO) to between $56 and $60 per share, underscoring demand for new U.S. stocks, a person familiar with the matter told Reuters on Sunday. The home rental firm had last Tuesday set a price range for its IPO to sell shares at $44 and $50 apiece.

DoorDash Inc, the food-delivery company that is scheduled to have its initial public offering (IPO) on Wednesday, reportedly plans to pitch its shares at the high end of or maybe even above its previously increased range of US$90 to US$95 a share.

Jeff Bezos’ space company Blue Origin will take the first woman to the moon’s surface, the billionaire said on Friday as NASA nears a decision to pick its first privately built lunar landers capable of sending astronauts to the moon by 2024.

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/935853/us-markets-set-for-another-mixed-start-with-investors-unsettled-byfresh-sino-us-tensions-awaiting-progress-on-coronavirus-relief-bill-935853.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST


Order by Phone at 888-809-8385 or online at https://www.herbanomic.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.