1. GDP, easy at 1-2-three: buyers are turning their attention to U.S. financial growth figures so one can be reported at 8:30 a.m. ET.
The Bureau of commercial diagnosis initially reported that the American financial system grew 2.9% within the 0.33 quarter, the quickest p.c. in two years. That preliminary GDP estimate is predicted to be upwardly revised to three%.
there’s more economic information popping out Tuesday. The Case-Shiller U.S. home price index for September will probably be released at 9 a.m., followed by consumer self belief information for November at 10 a.m.
2. gazing OPEC: Crude oil futures are declining Tuesday as merchants worry that major oil producers is not going to be capable of formalize a deal to chop output at a meeting on Wednesday.
OPEC reached a preliminary deal in September to cut output for the first time on account that 2008. That tentative agreement sent crude soaring above $ 50 a barrel. but there’s lingering skepticism over whether OPEC can preserve its word.
Crude oil futures are at present buying and selling around $ forty six.50 per barrel, down about 1% in a single day.
three. global market overview: U.S. inventory futures are pointing up Tuesday.
4. O’Hare airport strike: a whole bunch of workers at Chicago O’Hare international Airport are on strike Tuesday. The airport is a hub for both American airlines ( and )United airlines (. )
Janitors, baggage handlers, cabin cleaners and wheelchair attendants are inquiring for a $ 15 hourly wage. The strike will not impact extra important workers, such as air traffic controllers and security screeners.
in the meantime, Lufthansa ( pilots in Germany are in the middle of the )fifth day of a strike.
5. shares to look at — Time Inc., Tiffany: Shares in Time Inc. ( can be volatile again Tuesday after the new York submit suggested late Sunday night that the corporate )rejected a $ 1.eight billion takeover offer.
Shares surged sixteen% on Monday. A Time Inc. spokeswoman declined to comment.
investors will obtain perception into the health of the high-finish consumer market when Tiffany & Co ( stories earnings Tuesday morning sooner than the opening bell. traders will look to see what Tiffany says about demand for luxurious jewelry this vacation procuring season and possible challenges posed by the surging U.S. greenback. )
6. Coming this week:
Tuesday – document on GDP in the U.S.; Chicago O’Hare airport workers on strike
Wednesday – OPEC meeting, U.k. financial forecast
Thursday – Auto gross sales
Friday – U.S. jobs document
CNNMoney (London) First printed November 29, 2016: 5:16 AM ET
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