Terror Incident In London, Geo Political Tensions To Influence Wall Street

Uncertainties are influencing the market as London witnessed a terror incident in its underground tube train, and North Korea launched an intermediate-range missile. Though it is a weak day for the economic market, the investors are waiting for the Retails sales and Industrial Production data to be published on Friday. Asian shares closed broadly higher, while European shares in the red.

As of 7.15 am ET, the Dow futures were slipping 9 points, the S&P 500 futures were shedding 3.50 points and the Nasdaq 100 futures were slipping 8 points.

U.S. stocks closed broadly lower. The Dow climbed to a new record closing high and rose 45.30 points or 0.2 percent to 22,203.48, the Nasdaq slid 31.10 points or 0.5 percent to 6,429.08 and the S&P 500 edged down 2.75 points or 0.1 percent to 2,495.62.

On the economic front, the Commerce Department’s Retail Sales report for August will be issued at 8.30 am ET. The economists are looking for growth consensus of 0.1 percent, down from 0.6 percent in the previous period.

The New York Fed’s Empire State Manufacturing Survey for September will be published at 8.30 am ET. The consensus is for 19.0, down from 25.2 in August.

Fed’s Industrial Production for August will be released at 9.15 am ET. The consensus is for growth of 0.1 percent, slightly down from 0.2 percent in the prior period.

The Commerce Department’s Business Inventories for July is expected at 10.00 am ET. The consensus is for 0.2 percent, while it recorded 0.5 percent in the previous month.

The Baker Hughes North American rig count that tracks weekly changes in the number of active operating oil & gas rigs will be published at 1.00 pm ET. The North American Rig Count in the prior week was 1146 and the U.S. rig count was 944.

In the corporate sector, H&M group reported that its third-quarter sales including VAT increased by 5 percent in SEK from last year to 59.38 billion kronor from 56.80 billion kronor. Sales excluding VAT amounted to 51.23 billion kronor from 48.98 billion kronor, an increase of 5 percent. In local currencies the increase was 4 percent.

Stars Group Inc. now expects full year adjusted net earnings per share in a range of $2.17 to $2.31, as compared to the previous range of between $2.01 and $2.15. Adjusted net earnings are now projected to be between $445 and $469 million, as compared to the prior range of $413 and $437 million.

The Stars Group now expects full year 2017 revenues to be between $1.285 and $1.315 billion, as compared to the prior…

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