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Futures drop; Big earnings day; South Africa watch

1. Stock markets: It could be another wild day on Wall Street.Global markets were relatively ...

Posted: Feb 13, 2018 1:21 PM
Updated: Feb 13, 2018 1:21 PM

1. Stock markets: It could be another wild day on Wall Street.

Global markets were relatively calm on Tuesday. But Dow futures were down more than 0.7%, suggesting investors may pull back after the index's 1.7% gain on Monday.

The S&P 500 jumped 1.4% on Monday and the Nasdaq added 1.6%. The strong performance followed a week when U.S. stocks entered correction territory -- a decline of 10% or more -- and other global stock markets plummeted.

European markets posted mild losses in early trading on Tuesday. Most Asian markets ended the day with gains.

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2. Earnings: Blue Apron, Pepsi and Under Armour will publish earnings before the open Tuesday.

Baidu, Denny's, Fossil, MetLife and Western Union will follow after the close.

3. Inflation expectations: U.K. inflation remained at 3% in January, according to the latest official report.

Prices in the country have spiked after Britain's vote to leave the European Union in 2016 caused the pound to fall sharply.

There are expectations that inflation will pick up in the rest of the developed world as the labor market tightens.

On Wednesday, the U.S. Labor Department will release its inflation index for January.

4. Watching South Africa: South Africa's ruling African National Congress party will reveal Tuesday the outcome of a marathon meeting to decide the fate of scandal-plagued President Jacob Zuma.

The ANC's executive committee met for 13 hours Monday in an attempt to end a standoff with Zuma. One possible outcome could be a decision to "recall" Zuma, which would effectively end his presidency.

Investors will be closely monitoring the South African rand and companies that have high exposure to the currency, including Old Mutual and Investec, according to Mike van Dulken, head of research at Accendo Markets.

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5. Coming this week:

Tuesday - Earnings from Pepsi, Under Armour and MetLife
Wednesday - Earnings from Dr Pepper Snapple, Molson Coors, Cisco, Hilton, Marriott and TripAdvisor; U.S. retail sales and inflation index
Thursday - CBS earnings
Friday - Earnings from Coca-Cola, Campbell Soup, Kraft Heinz, Smucker, Newell Brands and Deere

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 15523

Reported Deaths: 734
CountyConfirmedDeaths
Hinds100625
Lauderdale73862
Madison72423
Scott65012
Neshoba64639
Jones62928
Forrest56438
DeSoto5427
Rankin4398
Holmes42928
Leake42712
Copiah3124
Jackson30813
Attala29817
Yazoo2814
Newton2714
Leflore26431
Lincoln26329
Harrison2587
Monroe25725
Oktibbeha23912
Lamar2385
Lowndes2119
Pearl River20931
Wayne2041
Pike20311
Adams19915
Noxubee1866
Washington1787
Warren17310
Covington1652
Jasper1634
Bolivar16211
Lee1536
Smith15211
Kemper14411
Clarke14418
Lafayette1364
Chickasaw13512
Coahoma1254
Carroll11711
Winston1171
Marion1159
Clay1124
Claiborne1112
Lawrence1021
Simpson1010
Tate941
Grenada943
Yalobusha935
Hancock9111
Wilkinson889
Itawamba877
Montgomery851
Sunflower843
Union835
Marshall833
Jefferson Davis773
Tippah7311
Panola713
Webster692
Calhoun654
Amite641
Humphreys607
Walthall560
Tunica553
Prentiss533
Perry503
Choctaw432
Jefferson421
Pontotoc353
Quitman330
Tishomingo320
Stone300
Franklin292
Tallahatchie271
George251
Alcorn171
Benton150
Greene131
Sharkey70
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 18018

Reported Deaths: 644
CountyConfirmedDeaths
Mobile2239116
Jefferson1837102
Montgomery171040
Tuscaloosa78315
Marshall6939
Franklin5567
Lee54833
Shelby51720
Tallapoosa42765
Butler41118
Chambers35525
Walker3542
Elmore3548
Madison3394
Baldwin2909
Morgan2801
Dallas2723
Etowah25711
DeKalb2483
Lowndes24612
Coffee2361
Sumter2247
Autauga2214
Houston2204
Bullock2095
Pike2030
Colbert1842
Hale1739
Russell1710
Marengo1706
Barbour1671
Lauderdale1642
Calhoun1603
Choctaw1538
Wilcox1487
Clarke1442
Cullman1430
Randolph1277
St. Clair1231
Marion12211
Pickens1164
Dale1150
Talladega1135
Limestone1060
Chilton1011
Greene944
Winston900
Macon824
Henry802
Covington801
Jackson782
Crenshaw753
Bibb751
Washington706
Escambia633
Blount621
Lawrence500
Geneva430
Conecuh411
Coosa401
Monroe402
Perry390
Cherokee373
Clay272
Lamar260
Fayette160
Cleburne151
Unassigned00
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