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Home / Business / 5 things you should know before the stock market opens on October 18, 2019

5 things you should know before the stock market opens on October 18, 2019



. 1 Dow wants to open slightly higher as Coca-Cola and American Express report revenue

People walking New York City on September 3, 2019 on Wall Street in Manhattan's financial district.

Spencer Platt | Getty Images News | Getty Images

USA. The stock futures hinted at a mixed Friday on Wall Street – with two Dow stocks, Coca-Cola and American Express, announcing gains on the doorstep. Coca-Cola's second-quarter earnings were in line with the estimates. Sales exceed. Several international factors played a role, including weak Chinese GDP growth, British parliamentary vote on Brexit, and fighting between Turkish and Kurdish forces despite a US-led ceasefire. The Dow Jones Industrial Average and the S & P 500 were slightly higher on Thursday for a second positive week. The S & P 500 just missed its first closing price over the 3,000 since September 1

9, while the Dow was just over 27,000.

. 2 China reports the weakest GDP in decades as the trade war takes its toll

Employees work on the production line of a Matsutek robot vacuum cleaner factory in Shenzhen, China, August 9, 2019.

Jason Lee | Reuters

China's recent reading on economic growth reached its weakest level in 27½ years, as the Beijing-Washington trade war continued to take its toll. China's gross domestic product grew by only 6% year-on-year in the third quarter. Apple CEO Tim Cook struck China's market regulation chief in Beijing after the US technology giant removed an app from its App Store last week to allow police demonstrators in Hong Kong to follow.

. 3 EU closes Brexit deal, but also faces new US tariffs

Boris Johnson, UK Prime Minister, will hold a press conference at the European Parliament in Brussels, Belgium, on 17 October 2019.

Jean Catuffe | Getty Images News | Getty Images

Britain and the European Union have signed a long-awaited draft for a Brexit contract. British Prime Minister Boris Johnson now has to persuade British legislators to reaffirm his approval before a close vote on Saturday. At midnight, the US imposed $ 7.5 billion worth of tariffs on EU goods, including Airbus, Italian cheese, French wines, Spanish olives, and Scotch whiskey, against the threat of retaliation.

. 4 Democrats see Trump's decision to hold G-7 at Doral as a fuel for impeachment

View of Trump National Doral on April 3, 2018 in Miami, Florida.

Michele Eve Sandberg | AFP | Getty Images

President Donald Trump will host the G-7 Leaders Summit in 2020 at Trump National Doral Miami. A move that democrats who led the impeachment investigation criticized as presidential self-promotion. Trump confirmed that Energy Secretary Rick Perry will resign at the end of the year. In recent weeks, the former Texas governor has been implicated in the Democrat-led impeachment investigation into Trump's actions involving Ukraine.

. 5 In the Kurdish Syrian city, fighting is taking place despite a ceasefire brokered by the US.

A woman stands on the edge of a road on the edge of the city of Tamr valley near the Syrian-Kurdish town of Ras al-Ain on the border with Turkey in the northeastern Hassakeh province on October 16, 2019 with the smoke clouds of tire fires in the Background to reduce the visibility of Turkish fighter planes, which are part of Operation "Peace Spring".

Delil Souleiman | AFP | Getty Images

Despite the US-brokered cease-fire that went into effect overnight, the fighting continued on Friday in a northeastern Syrian border town at the center of the struggle between Turkey and the Kurdish forces. Trump described the ceasefire agreement with Turkey as "a great day for civilization." Turkish troops and their allied Syrian fighters launched the offensive on 9 October, two days after Trump had announced that they would withdraw American troops from the border area. and more information about our products and services.
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– The Associated Press has contributed to this report.


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