Saturday, January 20, 2018
Premarket: 5 things to know before the bell

Premarket: 5 things to know before the bell

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‘;
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// Check if story is in the blacklist of articles to remove smartassets
// [2017.07.27] Results of a one-off request from r.barbieri
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console.log(“Error finding storytext element for SA embed”);
return;
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/* images stored in figure tags */
else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘figure’)
{
if(storytext.childNodes[i].clientWidth

European markets are mixed in early trading.

Most Asian markets ended the day with gains, though the key stock indexes in mainland China dipped a bit.

2. Crude watch: Traders are keeping their eyes on oil after crude prices rallied to $60 a barrel on Tuesday for the first time in two and a half years.

Prices spiked after a pipeline exploded in Libya.

Crude futures are down a tad in early morning trading, just below the $60 level.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

3. Top shipbuilder sinks: Hyundai Heavy Industries, parent company of the world’s largest shipbuilder, saw its stock price plummet around 29% on Wednesday, after announcing a plan to sell shares worth 1.3 trillion won ($1.2 billion) in an effort to raise money for its operations.

The outlook for the firm is not great: The company forecast sales would slump in 2017 to 15.4 trillion won ($14.3 billion), down by more than 50% from 2016. It also expects sales to keep falling in 2018.

4. Bouncing Bitcoin: Bitcoin prices remain volatile Wednesday, with the price of a single coin rallying to nearly $16,500 overnight and then quickly dropping again below the $16,000 level.

The price nearly hit $20,000 per coin last weekend before slumping to around $12,000.

Download CNN MoneyStream for up-to-the-minute market data and news

5. Coming this week:

Wednesday — Conference Board releases U.S. consumer confidence report for December at 10 a.m. ET
Thursday — Weekly U.S. crude inventories report out at 11 a.m.
Friday — Russia reports latest quarterly GDP

CNNMoney (London) First published December 27, 2017: 5:36 AM ET



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