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7 things to know in front of the bell



  First Market Tuesday
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. 1 Market Turmoil: Global markets were mixed on Wednesday following a sell-out due to fears over Italy's escalating political crisis and renewed tensions between the US and China.

Asian markets were hit hard by uncertainty, with the Japanese Nikkei closing 1.5%. Hong Kong's Hang Seng lost 1

.4%, while China's Shanghai Composite fell 2.5%.

European markets started mixed, with Italian leading index rising 1% after several days of heavy losses.

US stock futures showed up.

The Dow fell 1.6% on Tuesday, the S & P 500 fell 1.2% and the Nasdaq lost 0.5%. Banks were the biggest losers, with Citigroup [ C ) Bank of America ( BAC ) and JPMorgan Chase ( JPJQL ) Sliding 4%. Morgan Stanley ( MS ) dropped by 6%.

. 2 Italy in crisis: Italy will test investor confidence on Wednesday when it tries to sell 6 billion euros of government bonds.

Italy is on the way to new elections after populist politicians failed to form a government, and the vote could become a de facto referendum on the euro.

Investors fear that the political unrest in Italy could hurt beyond the country's borders. Yields on Spanish, Portuguese and Greek debt have risen.

Prices for Italian bonds have fallen in recent days, but on Wednesday they were more stable. The auction ends at 5:00 ET.

3. War on War: The White House announced on Tuesday that it is raising $ 50 billion worth of goods from China and 25% of China's investment in US high-tech Industries will set new boundaries.

The world's two largest economies held two trade talks this month. They agreed that China would "significantly increase" purchases of US goods and services to reduce its trade imbalance, a top Trump administrative demand, and promised to continue the talks.

In a statement, China's Commerce Ministry said the announcement was "manifestly in violation" of the recent agreement.

Beijing has already pledged to avenge the 25% tariff.

4. The Time of the Volcker Rule: The US Federal Reserve will meet to discuss possible changes to the Volcker Rule, a controversial part of Wall Street's reform after the financial crisis.

The rule prevents banks such as Goldman Sachs ( GS ) or JPMorgan ( JPM ) from this make risky bets with their own money and also with large holdings in hedge funds or private equity firms.

Wall Street has complained about the rule for years.

5. Martin Sorrell is back: Martin Sorrell says he has taken control of the listed Derriston group in London.

The reverse acquisition agreement states that Derriston will be converted into S4 Capital, a "multinational communications services business," according to an announcement. In April, Sorrell resigned from the advertising agency WPP [19455917] ( WPPGY ) after three decades as CEO amid an investigation into "personal misconduct".

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6. Companies and economy: Dicks sporting goods ( DKS ) DSW ( DSW ) Michael Kors ( KORS ) and Sears Holdings ( SHLD ) will release revenue prior to the opening. Guess ( GES ) will follow after graduation.

Salesforce ( CRM ) Stocks rose higher in extended trading after the company reported better than expected gains.

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7. This week come:
Wednesday – Amazon ( AMZN ) Exxon Mobile ( XOM ) Twitter ( TWTR ) Walmart ( WMT ) Annual General Meetings; Fed discusses Volcker Rule
Thursday – Facebook Annual General Meeting
Friday – May Jobs Report

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