Retail hopes; China trade talks; German growth slows

1. Retail rebound: The US Census Bureau will release retail sales figures for April at 8:30 a.m. ET ...

Posted: May 15, 2018 12:36 PM
Updated: May 15, 2018 12:36 PM

1. Retail rebound: The US Census Bureau will release retail sales figures for April at 8:30 a.m. ET on Tuesday.

Morgan Stanley analysts are expecting a rebound in consumer spending in the second quarter, led by an increase in sales at home improvement stores.

Retailers have been suffering in recent quarters, partly because of lukewarm wage growth. Despite a healthy job market, wages rose 2.6% from a year ago in April, following 2.7% growth in March.

Most experts think that number needs to be above 3% before consumers will start spending more.

2. Vodafone CEO to quit: Shares in Vodafone opened almost 4% lower in London on Tuesday, after long time CEO Vittorio Colao said he would step down in October.

Colao, who's held the role since 2008, will be replaced by Vodafone's chief financial officer Nick Read.

Vodafone announced last week it was buying Liberty Global's operations in Germany, the Czech Republic, Hungary and Romania, significantly increasing its footprint in the region. Vodafone is paying -10.8 billion ($12.8 billion) in cash for the businesses.

3. China trade talks: A Chinese delegation led by President Xi Jinping's top economic adviser is visiting the United States from Tuesday through Saturday for trade talks.

The negotiations are aimed at dialing down tensions between the world's two biggest economies.

While Liu is in Washington, American companies will be airing their views on President Donald Trump's plan to slap tariffs on around $50 billion worth of Chinese goods as punishment for alleged intellectual property theft.

The US Trade Representative will hear from more than 100 businesses and trade groups starting Tuesday.

4. German slowdown: Germany's economic growth slowed to 0.3% quarter on quarter in the first three months of the year, from 0.6% the previous quarter.

Economists were expecting growth of 0.4% in Europe's biggest economy. The German statistics office said domestic demand, construction and manufacturing were stronger, while foreign trade was "less dynamic."

The wider eurozone posted growth of 0.4% in the first quarter, down from 0.7% in the last quarter of 2017.

5. Global market overview: US stock futures were pointing lower early on Tuesday, indicating the Dow Jones industrial average longest winning streak since September might come to an end.

The Dow gained 0.3% on Monday, while the S&P 500 and the Nasdaq were both up 0.1%.

European and Asian markets were mixed on Tuesday.

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

6. Earnings and economics: Home Depot is set to release earnings before the open Tuesday.

UK unemployment was unchanged at 4.2% in the three months to March, matching the lowest it has been since 1975. Average wages excluding bonuses rose by 2.9%, up from 2.8% in the three months to February.

Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now!

7. Coming this week:
Tuesday - Home Depot earnings; USTR hearing starts; US retail sales, UK jobs report
Wednesday - Macy's earnings
Thursday - JCPenney, Nordstrom earnings
Friday - Campbell Soup earnings

West Lafayette
Overcast
42° wxIcon
Hi: 55° Lo: 43°
Feels Like: 39°
Kokomo
Overcast
42° wxIcon
Hi: 54° Lo: 41°
Feels Like: 37°
Rensselaer
Clear
34° wxIcon
Hi: 52° Lo: 40°
Feels Like: 30°
Fowler
Clear
34° wxIcon
Hi: 52° Lo: 41°
Feels Like: 30°
Williamsport
Overcast
41° wxIcon
Hi: 55° Lo: 43°
Feels Like: 41°
Crawfordsville
Overcast
40° wxIcon
Hi: 55° Lo: 43°
Feels Like: 40°
Frankfort
Overcast
44° wxIcon
Hi: 56° Lo: 43°
Feels Like: 41°
Delphi
Overcast
38° wxIcon
Hi: 54° Lo: 42°
Feels Like: 38°
Monticello
Overcast
38° wxIcon
Hi: 52° Lo: 42°
Feels Like: 38°
Logansport
Overcast
37° wxIcon
Hi: 53° Lo: 41°
Feels Like: 37°
Clearer Wednesday after some patchy morning fog
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 166564

Reported Deaths: 4194
CountyConfirmedDeaths
Marion26255795
Lake14627362
St. Joseph9725171
Elkhart9402142
Allen8741232
Hamilton6462117
Vanderburgh622464
Tippecanoe402416
Porter355450
Hendricks3442137
Monroe337538
Johnson3307131
Delaware314475
Clark308565
Vigo280641
Madison254796
LaPorte241464
Cass230125
Kosciusko210329
Warrick206865
Floyd188468
Howard170166
Bartholomew149058
Marshall149028
Dubois147926
Wayne145533
Grant135440
Henry134330
Boone131050
Hancock125044
Noble124535
Jackson122519
Dearborn103828
Morgan100440
Lawrence99238
Gibson95612
Clinton93516
Daviess93236
Shelby91835
Knox83910
LaGrange82815
Harrison80724
Fayette79021
Putnam78317
DeKalb78111
Posey7787
Jasper7075
Miami6905
Steuben6748
Montgomery64422
White63016
Greene58138
Adams5777
Scott55916
Decatur53339
Whitley4926
Ripley4888
Wells47311
Clay4697
Sullivan46714
Starke4608
Wabash4599
Huntington4545
Orange42525
Spencer4236
Randolph42110
Fulton3956
Washington3923
Jennings38813
Franklin38325
Perry37714
Jefferson3655
Pike36318
Jay3486
Carroll34713
Fountain3393
Tipton28523
Vermillion2761
Parke2604
Rush2544
Blackford2425
Newton24011
Owen2171
Martin2040
Pulaski1794
Crawford1651
Brown1503
Ohio1367
Union1180
Benton1110
Switzerland990
Warren921
Unassigned0236

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events