Glitch in London; Trade action; More retail pain

1. A rocky start: London's stock market opened an hour behind schedule on Thursday following a rare ...

Posted: Jun 7, 2018 10:22 AM
Updated: Jun 7, 2018 10:22 AM

1. A rocky start: London's stock market opened an hour behind schedule on Thursday following a rare trading outage in one of the world's busiest financial centers.

A spokesperson for the London Stock Exchange confirmed that trading commenced at 4 a.m. ET after the opening auction was delayed.

The spokesperson said the outage was caused by a technical issue, but did not elaborate.

The benchmark FTSE 100 index, which includes global companies such as HSBC and Rio Tinto, gained 0.1% in early trade.

Other major European markets were trading roughly 0.5% higher.

2. EU strikes back: The European Union has confirmed that its tariffs on roughly -2.8 billion ($3.3 billion) worth of American goods will go into effect in early July.

The targeted items include denim, orange juice, bourbon, motorcycles, peanut butter, motor boats and cigarettes.

The tariffs are a response to the Trump administration's decision to slap tariffs on steel and aluminum from some of its closest allies, including the European Union, Canada and Mexico.

3. More retail trouble: UK retailer House of Fraser is closing more than half its 59 department stores in the United Kingdom and Ireland.

The company said that up to 6,000 jobs will be impacted.

It's not the only UK retailer to find itself in trouble as Britain grapples with the uncertainty over the terms of its exit from the European Union.

Toys 'R' Us has been wound down in the United Kingdom, costing thousands of workers their jobs. The electronics chain Maplin has gone into administration. Marks & Spencer announced last month it wants to close 100 UK locations, or about 10% of its stores.

4. Global market overview: US stock futures were pointing higher.

European markets opened higher, following a positive session in Asia.

The Dow Jones industrial average gained 1.4% on Wednesday, while the S&P 500 added 0.9% and the Nasdaq advanced 0.7%.

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5. Companies and economics: JM Smucker plans to release earnings before the open.

Shares in Alphabet, Google's parent company, closed slightly lower on Wednesday after the Financial Times reported that the European Union is preparing to hit the company with a huge antitrust fine.

An EU competition spokesperson declined to comment on the report.

The US Labor Department will publish new initial jobless claims data at 8:30 a.m. ET.

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6. Coming this week:
Thursday - JM Smucker earnings
Friday - Baker Hughes US oil rig count report

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 265146

Reported Deaths: 5777
CountyCasesDeaths
DeSoto17741191
Hinds16891332
Harrison14279204
Rankin11239220
Jackson10917190
Lee9071145
Madison8599169
Jones6731118
Forrest6208124
Lauderdale6121192
Lowndes5544120
Lafayette520598
Lamar505865
Washington4933125
Bolivar4126109
Oktibbeha408382
Panola386981
Pontotoc377460
Monroe3686110
Warren3685103
Marshall357170
Union356864
Pearl River3495106
Neshoba3490154
Leflore3118109
Lincoln306788
Hancock294262
Sunflower291975
Tate280662
Alcorn273154
Pike270181
Itawamba269363
Scott260048
Yazoo256756
Prentiss253754
Coahoma249755
Copiah249749
Tippah249750
Simpson242872
Leake238167
Marion224273
Grenada223972
Covington221073
Adams215171
Wayne213734
Winston207671
George204739
Newton199946
Attala197064
Tishomingo194961
Chickasaw189344
Jasper181138
Holmes172068
Clay166837
Tallahatchie157235
Stone152525
Clarke148162
Calhoun141322
Smith130026
Yalobusha123335
Walthall114537
Greene113729
Noxubee113026
Montgomery112036
Carroll106822
Lawrence106817
Perry105131
Amite102126
Webster96824
Tunica89021
Claiborne88825
Jefferson Davis88430
Benton85823
Humphreys84724
Kemper80920
Quitman7139
Franklin70617
Choctaw63713
Wilkinson59825
Jefferson56821
Sharkey45217
Issaquena1606
Unassigned00

Alabama Coronavirus Cases

Cases: 441170

Reported Deaths: 6660
CountyCasesDeaths
Jefferson646811007
Mobile31620572
Madison28310217
Tuscaloosa21525275
Montgomery19954332
Shelby19335132
Baldwin17256189
Lee13205107
Morgan12639142
Etowah12107181
Calhoun11521206
Marshall10471123
Houston9009164
Limestone834981
Cullman8274124
Elmore8214110
DeKalb7894107
Lauderdale7871107
St. Clair7854130
Talladega6481112
Walker6036183
Jackson601545
Colbert549994
Blount547386
Autauga537662
Coffee462464
Dale410785
Franklin374950
Russell357515
Chilton345473
Covington339680
Escambia335444
Tallapoosa3149109
Dallas313296
Chambers304270
Clarke300236
Pike262531
Lawrence254155
Marion253761
Winston233642
Bibb222348
Geneva211547
Marengo209331
Pickens199631
Hale185244
Barbour182738
Fayette178629
Butler174460
Cherokee165731
Henry159925
Monroe152421
Randolph146436
Washington142327
Clay130546
Crenshaw124045
Macon122337
Cleburne121825
Lamar120222
Lowndes115536
Wilcox107922
Bullock103528
Perry100018
Conecuh97922
Sumter90527
Greene77923
Coosa63618
Choctaw51924
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