Stocks: five things to know before the open

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Source:   —  April 13, 2016, at 1:38 PM

Excellent morning. There'south excellent news from China, for a change!.

Stocks: five things to know before the open

Excellent morning. There'south excellent news from China, for a change!

Global stock markets are looking upbeat.

Here are the four key things you necessity to know before the opening bell rings in New York:

one. International markets overview: U. south. stock futures are pushing up and many European markets are rising by more than one percent in early trading.

Asian markets got a boost after the release of better-than-expected Chinese trade data. But economists are keeping the champagne on ice since data from the first few months of the year tends to be volatile given it'south a major holiday period. Experts will pay closer attention to first quarter GDP figures due on Friday.

two. Eyes on oil: Investors are watching oil fluctuations after crude prices hit a two thousand sixteen peak on Tuesday.

Oil prices rallied over per barrel based on reports that Saudi Arabia and Russia reached a deal to cap oil output. Crude oil futures are presently dipping by about one percent to trade around $41.50.

Major oil producers are slated to meet in Qatar on Sun to discuss possible production freezes in an effort to boost global prices.

Related: Fear & Greed Index

three. Companies to watch -- Peabody Energy, Verizon: Peabody Energy (BTU), the world'south largest private-sector coal producer, filed for bankruptcy on Wednesday in a U. S. court, citing "unprecedented" industry pressures and a sharp decline in the price of coal.

The company said it'll continue to work while in bankruptcy, and work to reduce debt and make better cash flow.

Verizon (VZ, Tech30) is in the spotlight as nearly 40.000 Verizon workers prepare to walk off the work at sixth a. m. ET if they've not reached a new work agreement with the telecoms giant.

The workers, who primarily service the company'south traditional phone business, have gone without a contract since August, according to the Communication Workers of America. The union says it's fighting to prevent Verizon from emotional jobs offshore or cutting benefits for injured workers.

Related: twenty stocks poised to crush earnings season

four. Indicate me the money: Earnings season is gathering pace and JPMorgan Chase (JPM) is among a tiny grouping of companies posting quarterly results ahead of the open.

Pier one Imports (PIR) will report after the close

five. Wednesday market recap: The Dow Jones industrial average gained 0.9%, while the S&P five hundred climbed 0.1 percent and the Nasdaq added 0.8%.

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