10 things you need to know before the opening bell
Reuters/Kevin Lamarque
Congress is planning to punt on the government shutdown deadline. Republican leaders in Congress released plans to extend government funding by two weeks, to December 22, to avoid a government shutdown.
The pound continues to drop as Brexit talks break down. Sterling trades down 0.5% at 1.3413 against the dollar on Tuesday following news on Monday that no deal has been reached between the United Kingdom and European Union regarding the Irish border.
Australia holds, stays positive on wages. The Reserve Bank of Australia held its benchmark interest rate at 1.50% and said there are signs emerging that tighter labor market conditions are leading to some skill shortages, which should drive wages higher over time.
London heavyweights fly to Saudi Arabia to try and land the Aramco IPO. An unnamed "senior executive," the City's Lord Mayor, and executives from PwC and Standard Life Aberdeen are in Saudi Arabia this week in an attempt to bring the Aramco initial public offering to London.
Bitcoin hits another record high. The cryptocurrency hit $11,829 a coin in overnight action, edging out its previous high of $11,826, according to Markets Insider data. Currently, it's little changed near $11,700.
Mueller reportedly subpoenas Deutsche Bank for information on Trump. Robert Mueller, the special counsel investigating President Donald Trump's campaign's ties to Russia, asked the German bank for data on accounts held by Trump and his family, Reuters reports, citing a person close to the matter.
Lamborghini unveils its first SUV. The SUV, called the Urus, will be delivered in the spring, and cost $202,903, excluding taxes, Reuters reports.
Stock markets around the world are lower. Hong Kong's Hang Seng (-1.01%) was hit hard overnight and France's CAC (-0.63%) trails in Europe. The S&P 500 is set to open little changed near 2,638.
Earnings reports trickle out. Toll Brothers reports ahead of the opening bell and RH releases its quarterly results after markets close.
US economic data picks up. The trade balance will be released at 8:30 a.m. ET before Markit PMI and ISM Non-Manufacturing cross the wires at 9:45 a.m. ET and 10 a.m. ET, respectively.
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study