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10 things you need to know before the opening bell

Apr 20, 2021, 16:52 IST
Business Insider
Bull and Bear sculptures outside the Frankfurt Stock Exchange in Frankfurt,Xinhua/Getty Images

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Here's what you need to know before markets open.

1. Global stocks pulled back from recent record highs as COVID-19 cases continue to surge. Find out what markets are doing.

2. The UK unemployment rate unexpectedly fell to 4.9% between December and February. However, the number of employees on a payroll dropped.

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3. The meme coin Dogecoin continues to trade near record highs. Fans are celebrating 'Doge Day'.

4. Executives at Credit Suisse will leave following the Archegos blow-up. The bank took a $4.7 billion hit when the hedge fund collapsed.

5. China changes its tone on bitcoin after years of cracking down on crypto. The Chinese central bank vice governor described it as an "investment alternative".

6. Expected earnings. Look out for Johnson & Johnson, Netflix and Procter & Gamble.

7. On the economic calendar. The UK's unemployment data was published, as was the ECB's Bank Lending Survey and New Zealand's Consumer Price Index.

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8. Goldman Sachs sees the stock-picking environment getting trickier. The firm names 25 large-cap stocks it sees as most likely to deliver excess returns.

9. Cathie Wood and her analysts break down the multi-billion-dollar space opportunity. In addition, they explain why an infrastructure stock and ARK's 3D Printing ETF are among the top holdings in their Space Exploration and Innovation ETF.

10. David Rosenberg flags a 'decisive' disconnect in stocks that threatens to end the market's relentless rally. The famed economist also shares 2 trades to maximize the remaining gains.

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