**Overnight Markets and News**
Sep E-mini S&Ps (ESU18 -0.09%) this morning are down -0.12% and European stocks are down -0.46% after finance chiefs from the Group of 20 nations expressed concern in their final statement Sunday from this weekend’s meeting in Brazil that trade tensions threaten expansion in the global economy. Strength in energy stocks limited losses in U.S. stock indexes as Sep WTI crude oil (CLU18 +1.07%) rose +1.25% after President Trump warned Iran of grave "consequences" if it threatens the U.S. Losses in European markets were contained after the Bundesbank said in its monthly report that "the overall economic performance in the spring quarter of 2018 probably showed a little more momentum than at the beginning of the year." Asian stocks settled mixed: Japan -1.33%, Hong Kong +0.11%, China +1.07%, Taiwan +0.14%, Australia -0.93%, Singapore -0.12%, South Korea -0.80%, India +0.61%. China's Shanghai Composite climbed to a 4-week high, led by a rally in bank stocks, after the PBOC released guidelines aimed at asset management practices that were deemed less severe than markets had expected. Japan's Nikkei Stock Index retreated as exporter stocks sold-off after the yen climbed to a 2-week high on reports that the BOJ would soon make changes to its QE program and raise its target on the 10-year which currently stands at zero percent.
The dollar index (DXY00 -0.02%) is down -0.05% at a 1-week low. EUR/USD (^EURUSD -0.01%) is down -0.07%. USD/JPY (^USDJPY -0.27%) is down -0.28% at a 2-week low.
Sep 10-year T-note prices (ZNU18 +0-030) are up +4 ticks.
In its monthly report, the Bundesbank said, "the overall economic performance in the spring quarter of 2018 probably showed a little more momentum than at the beginning of the year."
The statement following this weekend's G-20 meeting said global growth remains robust and many emerging-market countries are better prepared to face crises, but risks to the world economy have increased. The main risks are "rising financial vulnerabilities, heightened trade and geopolitical tensions, global imbalances, inequality and structurally weak growth."
**U.S. Stock Preview**
Key U.S. news today includes: (1) Jun Chicago Fed national activity index (expected +0.45 to 0.30, May -0.57 to -0.15), (2) Jun existing home sales (expected +0.2% to 5.44 million, May -0.4% to 5.43 million), (3) USDA weekly grain export inspections, (4) USDA Jun Cold Storage, (5) USDA weekly Crop Progress.
Notable S&P 500 earnings reports today include: Alphabet (consensus $9.51), Whirlpool (3.70), Halliburton (0.58), Zions Bancorp (0.92), Whirlpool (3.70), Illinois Tool (1.97), Hasbro (0.29), Cadence Design System (0.40).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: Unconventional Resources Technology Conference on Mon, Google Cloud Next 18 on Tue-Thu
**Overnight U.S. Stock Movers**
Fiat Chrysler Automobiles NV (FCAU -1.08%) was downgraded to 'Neutral' from 'Outperform' at MainFirst Bank AG.
Papa John's (PZZA +1.16%) was downgraded to 'Sell' from 'Hold' at Stifel.
Walgreens Boots Alliance (WBA +0.08%) was downgraded to 'Market Perform' from 'Outperform' at Cowen.
BJ's Wholesale Club Holdings (BJ +0.82%) was rated a new 'Buy' at Bank of America/Merrill Lynch with a price target of $30.
SunTrust Banks (STI +2.64%) was upgraded to 'Buy' from 'Neutral' at B Riley FBR with a price target of $81.
Hasbro (HAS +0.26%) jumped 7% in pre-market trading after it reported Q2 net revenue of $904.5 million, well above expectations of $839.3 million.
LifePoint Health (LPNT -1.44%) surged 38% in after-hours trading after Reuters reported that Apollo Global Management LLC is in advanced talks to acquire the hospital chain. Other healthcare stocks rallied on the news as well with Tenet Healthcare (THC -1.57%) up 5% and Community Health Systems (CYH -2.17%) up almost 4% in after-hours trading.
PayPal Holdings (PYPL +0.10%) may open higher initially this morning after DealReporter said that Third Point Offshore Investors Ltd is "poking around' PayPal.
Caesars Entertainment (CACQ -2.30%) was rated a new 'Buy' at Bank of America/Merrill Lynch with a price target of $14.
Entegra Financial (ENFC -1.16%) was downgraded to 'Market Perform' from 'Outperform' at FIG Partners LLC.
Cleveland-Cliffs (CLF +12.67%) was upgraded to 'Overweight' from 'Neutral' at JPMorgan Chase with a price target of $15.
JC Penney (JCP -2.34%) lost -0.4% in after-hours trading after CCO Joe McFarland said he will the company on August 1 to become executive vice president of stores for Lowe's, effective August 15.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Sep E-mini S&Ps (ESU18 -0.09%) this morning are down -0.12% and European stocks are down -0.46% after finance chiefs from the Group of 20 nations expressed concern in their final statement Sunday from this weekend’s meeting in Brazil that trade tensions threaten expansion in the global economy. Strength in energy stocks limited losses in U.S. stock indexes as Sep WTI crude oil (CLU18 +1.07%) rose +1.25% after President Trump warned Iran of grave "consequences" if it threatens the U.S. Losses in European markets were contained after the Bundesbank said in its monthly report that "the overall economic performance in the spring quarter of 2018 probably showed a little more momentum than at the beginning of the year." Asian stocks settled mixed: Japan -1.33%, Hong Kong +0.11%, China +1.07%, Taiwan +0.14%, Australia -0.93%, Singapore -0.12%, South Korea -0.80%, India +0.61%. China's Shanghai Composite climbed to a 4-week high, led by a rally in bank stocks, after the PBOC released guidelines aimed at asset management practices that were deemed less severe than markets had expected. Japan's Nikkei Stock Index retreated as exporter stocks sold-off after the yen climbed to a 2-week high on reports that the BOJ would soon make changes to its QE program and raise its target on the 10-year which currently stands at zero percent.
The dollar index (DXY00 -0.02%) is down -0.05% at a 1-week low. EUR/USD (^EURUSD -0.01%) is down -0.07%. USD/JPY (^USDJPY -0.27%) is down -0.28% at a 2-week low.
Sep 10-year T-note prices (ZNU18 +0-030) are up +4 ticks.
In its monthly report, the Bundesbank said, "the overall economic performance in the spring quarter of 2018 probably showed a little more momentum than at the beginning of the year."
The statement following this weekend's G-20 meeting said global growth remains robust and many emerging-market countries are better prepared to face crises, but risks to the world economy have increased. The main risks are "rising financial vulnerabilities, heightened trade and geopolitical tensions, global imbalances, inequality and structurally weak growth."
**U.S. Stock Preview**
Key U.S. news today includes: (1) Jun Chicago Fed national activity index (expected +0.45 to 0.30, May -0.57 to -0.15), (2) Jun existing home sales (expected +0.2% to 5.44 million, May -0.4% to 5.43 million), (3) USDA weekly grain export inspections, (4) USDA Jun Cold Storage, (5) USDA weekly Crop Progress.
Notable S&P 500 earnings reports today include: Alphabet (consensus $9.51), Whirlpool (3.70), Halliburton (0.58), Zions Bancorp (0.92), Whirlpool (3.70), Illinois Tool (1.97), Hasbro (0.29), Cadence Design System (0.40).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: Unconventional Resources Technology Conference on Mon, Google Cloud Next 18 on Tue-Thu
**Overnight U.S. Stock Movers**
Fiat Chrysler Automobiles NV (FCAU -1.08%) was downgraded to 'Neutral' from 'Outperform' at MainFirst Bank AG.
Papa John's (PZZA +1.16%) was downgraded to 'Sell' from 'Hold' at Stifel.
Walgreens Boots Alliance (WBA +0.08%) was downgraded to 'Market Perform' from 'Outperform' at Cowen.
BJ's Wholesale Club Holdings (BJ +0.82%) was rated a new 'Buy' at Bank of America/Merrill Lynch with a price target of $30.
SunTrust Banks (STI +2.64%) was upgraded to 'Buy' from 'Neutral' at B Riley FBR with a price target of $81.
Hasbro (HAS +0.26%) jumped 7% in pre-market trading after it reported Q2 net revenue of $904.5 million, well above expectations of $839.3 million.
LifePoint Health (LPNT -1.44%) surged 38% in after-hours trading after Reuters reported that Apollo Global Management LLC is in advanced talks to acquire the hospital chain. Other healthcare stocks rallied on the news as well with Tenet Healthcare (THC -1.57%) up 5% and Community Health Systems (CYH -2.17%) up almost 4% in after-hours trading.
PayPal Holdings (PYPL +0.10%) may open higher initially this morning after DealReporter said that Third Point Offshore Investors Ltd is "poking around' PayPal.
Caesars Entertainment (CACQ -2.30%) was rated a new 'Buy' at Bank of America/Merrill Lynch with a price target of $14.
Entegra Financial (ENFC -1.16%) was downgraded to 'Market Perform' from 'Outperform' at FIG Partners LLC.
Cleveland-Cliffs (CLF +12.67%) was upgraded to 'Overweight' from 'Neutral' at JPMorgan Chase with a price target of $15.
JC Penney (JCP -2.34%) lost -0.4% in after-hours trading after CCO Joe McFarland said he will the company on August 1 to become executive vice president of stores for Lowe's, effective August 15.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
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