Original title: five major events in the financial market today: the deadline for negotiations on the stimulus package has reached a rise of about 200 points for Dow futures source: British financial information
©Reuters.
British Financial Information Investing.com-here are 5 major events that financial markets need to know on Tuesday, October 20:
1.The deadline for US stimulus package negotiations is up.
Today is the deadline set by House Democratic leader Nancy Pelosi for the Trump administration and the Republican-controlled Senate to reach an agreement with House Democrats on the economic stimulus package.
But self-imposed deadlines tend to be limited, but there is no doubt that there is little time left to reach an agreement before the election.
Pelosi said on Monday that the differences between the two sides were narrowing, but in fact there was no need for either side to reach an agreement on the current campaign agenda.
On the campaign front, Donald Trump rejected reports that it was difficult to raise campaign money, saying at a rally that he could raise $1 billion in a day if necessary, such as by asking Exxon Mobil Corp for money in return for issuing several drilling licenses to the company.
In response, Exxon Mobil Corp clarified on Twitter, "We all understand that there is absolutely no such thing." this is only Trump's assumption.
2.Netflix Inc 、Snap IncThe financial report comes.
Today, the market will usher in the first financial report of FAANG, and Netflix Inc (NASDAQ:NFLX) will announce the results after trading today.
Analysts expect Netflix Inc to add a net 2.5 million paying users in the third quarter, with earnings per share expected to be $2.12, up about 45 per cent from a year earlier.
The company's results have fallen short of market expectations over the past two quarters, but its shares have still doubled so far this year, mainly because public health events have accelerated the shift of global viewers from cable to streaming.
However, given that it is difficult to shoot new works during public health events, the average number of views per user is also expected to attract attention.
In addition to Netflix Inc, Snap Inc (NYSE:SNAP), the parent company of after-hours social software Snapchat, will also report results.
3.Us stocks are expected to open higher, Dow futures up200点
Us stock index futures rose in early trading, recovering some of yesterday's losses, but investors still need to keep a close eye on the stimulus package. In the previous session, U. S. stocks opened higher and lower as expectations of a deal abated.
As of 19:35 Beijing time (07:35 et), Dow futures dominated by blue chips were up 188 points, or 0.67%, S & P 500 index futures were up 23.68 points, or about 0.68%, and technology-dominated Nasdaq Investing.com futures were up 76.25 points, or 0.65%, according to British Financial Information.
In terms of individual stock news, Intel Corp confirmed that he would sell his NAND memory chip business to SK Hynix of South Korea for US $9 billion.
In addition, Lockheed Martin Corp (NYSE:LMT), Philip Morris International Inc International (NYSE:PM), Procter & Gamble Co (NYSE:PG) will announce financial results before trading. Texas Instruments Inc (NASDAQ:TXN) and Inter-American Telecom will release results after trading.
4.Ireland initiated a blockade.
Ireland has launched a six-week blockade to halt all non-essential activities, the strictest measure taken by European governments to control the second wave of public health crisis. Although other European governments have tightened restrictions, none have reached the level of Ireland.
Ireland's action is expected to provide a test case for the extent to which European governments will impose restrictions in this long and cold winter. As a result, Ireland's measures are expected to be closely watched to see whether the country can successfully contain the spread of the crisis.
However, for those in power, they may be more concerned about whether they can once again block already fragile economic activity and tired people.
Wales, England, also announced a two-week blockade.
5.Re-emergence of mergers and acquisitions in American Energy Industry
According to media reports, Pioneer Natural Resources (NYSE:PXD) is in talks with Parsley Energy (NYSE:PE) to discuss the merger.
According to the report, Pioneer Natural Resources and Parsley Energy plan to merge through low-premium all-stock trading, which can save cash in the current challenging environment.
The move comes a day after ConocoPhillips confirmed that it would buy NYSE:CXO for $9.7 billion, the largest acquisition of a pure upstream business in the US.
At the same time, US crude oil prices fell slightly after OPEC + did not make it clear that it was willing to postpone its production plan scheduled for January 1.
Within a few days, investors also need to pay attention to the US crude oil inventory data released by the American Petroleum Institute.
[this article is from British Financial Information Investing.com. For more information, please log on to cn.investing.com or download British Financial Information App]
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