7 things to know before the bell



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Thursday before commercialization
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1. Central banks take the stage: The European Central Bank, the Bank of England and the Turkish Central Bank will make political decisions on Thursday.

The ECB and the Bank of England should keep their interest rates stable, but there could be more tragedies in Turkey.

The Turkish lira lost 40% against the dollar this year and inflation has risen to almost 18%. But the central bank has not reacted, raising fears that President Recep Tayyip Erdogan, who opposes higher rates, influences monetary policy.

The reading fell before the meeting, which investors see as a major test of central bank independence.

2. Kroger's winnings: The largest chain of grocery stores in America will report its quarterly results before the bell.

Kroger (KR) has stepped up efforts to push online competition. He launched incursions into China, a home delivery service and visions of a plastic bagless future last month.

Earlier this year, it signed an exclusive agreement with the British online supermarket Ocado to use its technology in the United States.

Traditional retailers are struggling to keep up with the changing habits of their customers. UK department store John Lewis provided another example on Thursday, reporting a 99 percent drop in first-half profits.

3. Trade negotiations in China: The Trump administration has offered China another chance to talk about trade as US officials prepare to impose high tariffs on a wide range of Chinese products. The Chinese Ministry of Commerce said that he welcomed the invitation.

President Donald Trump said last week that new tariffs on the $ 200 billion worth of Chinese goods could come into effect "very soon" and warned that another wave of even bigger measures was "ready to run out." notice if I wish. "

The two economic superpowers have already imposed tariffs of 25% on exports of more than 50 billion dollars.

4. No agreement on Brexit planning: The British government is organizing a cabinet meeting to plan for life after Brexit and to examine the consequences of dropping out of the European Union without agreement.

It will then publish another batch of notices advising companies to prepare for a Brexit without a transaction, a warning that companies have warned.

Reviews will include information on cell phone charges when traveling abroad and environmental standards.

The pound was flat against the dollar.

5. Global market overview: US equity futures were on the rise.

Mixed European open markets. Asian stocks ended up with gains.

The Dow Jones Industrial Average closed up 0.1% on Wednesday, while the S & P 500 was stable. Nasdaq lost 0.2%.

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6. Earnings and economy: Adobe Systems (ADBE) will publish the results after the closing bell.

The US Bureau of Labor Statistics will release its August CPI report at 8:30 am ET.

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7. Coming this week:
Thursday – Kroger presents its results, its report on consumer inflation in the United States, the European and British central banks declare their interest rate decisions
Friday – US retail and sentiment reports

CNNMoney (London) First publication on September 13, 2018: 4:50 am

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