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Here are five things you need to know for Monday, July 16th:
1. – Markets are cautious before the Trump-Putin summit
U.S. Equity futures advanced on Monday (July 16th) and global equities traded mixed positions as investors took a cautious stance ahead of the Helsinki summit between Donald Trump and Russian President Vladimir Putin. 51 points, the future for the S & P 500
Trump tweeted early Monday that US-Russian relations had never been worse, thanks to what he calls biased investigation into allegations that Moscow has managed to interfere in the 2016 elections, the latest culminated in the indictment of 12 Russians accused of hacking e-mails held on the server of the Democratic National Committee
In China, the growth of the world's second largest economy could slow down during the second half of the year.
2. – It's the first day of Amazon
The first day of Amazon.com Inc. (AMZN), the fourth annual show of the online giant, takes place Monday from 3 pm . AND. The event lasts a day and a half this year, with a total of 36 hours of play.
You need new PC games? A few Whole Foods lawyers? How about an echo show? Prime Day has become a big commercial success for Amazon, realizing more than $ 2.41 billion worth of purchases on Prime Day 2017, according to an estimate by Digital Commerce 360. Amazon has stated that its Echo Dot device was the product the most sold at Prime Day in 2017, and that sales have increased by 60% compared to the First Day 2016.
But Prime Day is much more than a sales manna. It's a strategic effort to make Prime a hallmark of every home, as well as a "training day" for new channels such as Twitch, Whole Foods or the growing Echo family of hearing aids from Amazon, according to Annie Gaus of TheStreet.
Prime Day serves many purposes, and one of them is from a logistical point of view, "said Tom Forte of DA Davidson & Co." It is also a dress rehearsal for the holidays, and I think it's becoming more and more question of: "How do we incorporate every retail app into the history of Prime Day?" "
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3. – Goldman to formally appoint Solomon as CEO
Goldman Sachs Group (GS) is expected to appoint President David Solomon as its next CEO earlier this week, possibly even Monday, the New York Times reported, citing knowledgeable [19659014] The announcement would formally establish Solomon as the successor to Lloyd Blankfein, who will remain for an interim period. Blankfein served as CEO of Goldman for 12 years.
Solomon, 56, has been regarded as the presumptive heir to Blankfein since he was appointed the firm's only president in March. But an official announcement of his promotion to the post of CEO had not been expected before the fall, notes the Times.
4. – Bank of America, Netflix highlights earnings schedule
Monday's economic calendar in the United States includes retail sales for June at 8:30 am ET, the Empire State Manufacturing Survey for July at 8:30, and commercial stocks for May at 10am
Profits are expected Monday from Bank of America Corp. (BAC), Netflix Inc. (NFLX) and BlackRock Inc. (BLK).
5. Deutsche Bank AG (DB), Germany's largest lender, has revealed a bullish outlook for its near-term earnings outlook in a surprise publication on Monday ahead of its July 25 report.
The bank expects net profit of about 700 million euros ($ 818 million) for the three months ended June, a total of about 1.15 billion dollars. euros, figures that the bank said "demonstrate the resilience of the franchise". "considerably above the average consensus estimate" that she had previously compiled from analysts who cover the stock.
The bank 's business figure was estimated at 6.6 billion euros and is expected to reach 3.5 billion euros. , Deutsche Bank said.
Stocks jumped more than 5% in Frankfurt
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