Central bankers meet; Venezuela default; Wild Wings flying high

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Source:   —  November 14, 2017, at 7:29 AM

one. Central bank chatter: Top central bankers are appearing Tuesday at a conference in Frankfurt, Germany.

Central bankers meet; Venezuela default; Wild Wings flying high

one. Central bank chatter: Top central bankers are appearing Tuesday at a conference in Frankfurt, Germany.

The heads of the Federal Reserve, European Central Bank, Bank of England and Bank of Japan will sit on a panel that addresses "challenges and opportunities of central bank communication."

The discussion began at five:00 a. m. ET.

two. Default in Caracas: Venezuela, a nation spiraling into a humanitarian crisis, has defaulted on its debt, according to a statement issued Monday night by south&P Global Ratings.

The agency said the thirty-day grace period had expired for a payment that was due in October.

The default risks setting off a risky series of events that could exacerbate food and medical shortages in the country.

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three. Stocks to watch: Shares in Buffalo Wild Wings (BWLD) are set to surge by about 30 percent following reports that private equity firm Roark Capital is trying to purchase the chain.

Roark Capital, which is based in Atlanta, owns a range of restaurant chains including Arby'south and Auntie Anne's.

Shares in Madison Square Garden Company (MSG) could also be on the move after the firm announced CEO David O'Connor has left the business. The stock hit a record high latest week.

Dick'south Sporting Goods (DKS), Residence Depot (HD) and TJX (TJX) are among the firms reporting earnings before the opening bell.

four. Global market overview: U. S. stock futures were slightly lower, trading just below all-time highs set earlier this month.

European markets were mostly positive in early trading. Traders are digesting an inflation report from the U. K. that shows prices in the country rose by three percent in Oct from latest year.

Stocks in Germany were in positive territory after the country reported better-than-expected GDP data.

"It'll not obtain better than this," economists at Berenberg Bank said of the 0.8 percent expansion over the previous quarter. The bank raised its forecast for annual GDP growth from 2.2 percent to 2.5%.

Most Asian markets ended the day with modest losses.

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5. Coming this week:

Tuesday -- Residence Depot (HD), TJX (TJX) earnings
Wednesday -- Target (TGT), Cisco (CSCO, Tech30), L Brands (LB) earnings; U. S. retail sales for October; U. K. unemployment
Thursday -- Best Buy (BBY), Walmart (WMT), Gap (GPS), Viacom (VIA) earnings
Friday -- Abercrombie & Fitch (ANF) earnings

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