|
 * Data showed China's imports fell for the 13th consecutive month
with an 8.7 percent decline in November compared with a year
earlier.
* Crude prices steadied but global oversupply, compounded by the
OPEC's decision to keep output high, led analysts to predict further
weakness. [O/R]
* The weak China data comes just ahead of the U.S. Federal Reserve's
meeting on Dec. 15-16, when the central bank is expected to raise
interest rates for the first time since June 2006.
* Still, federal funds futures contracts imply an 80 percent chance
that the Fed will end seven years of near-zero interest rates.
* U.S. stocks fell on Monday, led by the S&P energy index's biggest
one-day percentage drop since late August.
* Chipotle Mexican Grill <CMG.N> shares fell 5.6 percent to $521 in
premarket trading after 30 Boston College students fell ill after
eating at the company's restaurant over the weekend.
* Norfolk Southern was down 2.2 percent at $93.50 after the
Wall Street Journal reported that Canadian Pacific Railway is
expected to revise deal terms for its acquisition of the company.
* Qualcomm was down 1.5 percent at $51.63 after Taiwan's Fair Trade
Commission has launched an investigation into whether the
chipmaker's patent licensing arrangements violate the Taiwan Fair
Trade Act.
[to top of second column] |
Futures snapshot at 7:20 a.m. ET (1120 GMT):
* S&P 500 e-minis were down 18.5 points, or 0.89 percent, with
150,212 contracts traded.
* Nasdaq 100 e-minis were down 44.25 points, or 0.94 percent, on
volume of 26,204 contracts.
* Dow e-minis were down 152 points, or 0.86 percent, with 19,642
contracts changing hands.
(Reporting by Tanya Agrawal; Editing by Anil D'Silva)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
