10 things you need to know before the opening bell

pulse

April 25, 2017 11:53 AM

This is what traders are talking about.

Farmer Piet Warmerdam picks up a yellow tulip from a red flower field, as its growth could damage the rest, in Den Helderin, Netherlands.

Here is what you need to know.

The US is planning a move that may escalate a long-running trade dispute with Canada. Commerce Secretary Wilbur Ross announced on Monday that his agency will impose a duty averaging 20% on Canadian softwood lumber imports, Reuters says.

The euro is holding onto the bulk of its post-French election gains. The single currency gained about 2% as markets opened on Sunday following the results of the French election and finished Monday's session with a gain of 1.3%. On Tuesday, the euro trades up 0.1% near 1.0880.

One of the biggest middlemen in the drug industry is losing its biggest customer.

Netflix enters a licensing deal in China. The streaming video giant is teaming up with Baidu’s iQiyi to bring its content to mainland China, the Hollywood Reporter says.

Marissa Mayer will have a lot of Yahoo stock when Verizon buys the company. Yahoo CEO Marissa Mayer will have $186 million worth of Yahoo stock, stock options, and restricted stock units that will be fully vested by the time the Verizon deal closes, the New York Times says. Mayer will step down as CEO once the deal is complete.

A full merger between Nissan and Mitsubishi is off the table.

Stock markets around the world are up. Hong Kong's Hang Seng (+1.3%) led the gains in Asia and Britain's FTSE (+0.3%) paces the advance in Europe. The S&P 500 is set to open up 0.2% near 2,378.

Earnings reporting heats up. 3M, Caterpillar, Coca-Cola, Lockheed Martin, and McDonald's are among the companies reporting ahead of the opening bell while AT&T, Chipotle, Texas Instruments, and Wynn Resorts highlight the names releasing their quarterly results after markets close.

US economic data picks up. Case-Shiller home prices will be released at 9 a.m. ET before new home sales and confidence are due out at 10 a.m. ET. The US 10-year yield is higher by 3 basis points at 2.31%.

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