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10 things you need to know before the opening bell

Jun 28, 2021, 16:54 IST
Business Insider
Stocks jumped on Wall Street on Monday after strong jobs data Angela Weiss/Getty Images

Welcome to 10 Things Before the Opening Bell. Sign up here to get the day's top stock and crypto news in your inbox every morning.

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

1. US futures edge up as investors mull over inflation ahead of key jobs data; oil trades near three-year highs before OPEC+. Nasdaq futures edged up as attention turned to Friday's non-farm payrolls.

2. Britain bans cryptocurrency exchange Binance from operating in the UK without 'written consent'. The UK's financial watchdog cracked down on the major crypto trader.

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3. Mexico's third-richest man Ricardo Salinas Pliego says his bank is working to accept bitcoin. The billionaire said "fiat is a fraud."

4. Lumber prices have bottomed out, but are likely to stay double the historical average for at least the next 5 years, trader says. Stinson Dean expects lumber to trade above $1,000 for potentially the next three to five years.

5. A sharp downturn won't scare away the horde of retail investors reshaping the market. We spoke to 5 experts and day traders who explained why they're here to stay.

6. Earnings expected. China Gas Holdings is the biggest company to report on a light day.

7. On the economics calendar. A couple of Federal Reserve officials are due to make comments.

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8. A crypto evangelist shares how to prepare for a 'once-in-a-lifetime transfer of wealth.' David Gokhshtein also names 4 little-known coins he's bullish on in the new 'meme economy.'

9. Goldman Sachs has compiled a list of stocks set to pay investors fat dividends. The firm says to buy these 15 stocks that will consistently offer strong payouts.

10. A former chief investment strategist for Morgan Stanley's $300 billion institutional unit shares why she just left to join a crypto indexing firm. Jodie Gunzberg also breaks down why the new asset class presents 'a lot of upside' despite near-term volatility.

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