5 issues it’s essential to know earlier than the market opens on Friday August 18:
1. — Shares lengthen slide as Treasury yield surge, China woes clip sentiment
A surge in Treasury bond yields has tech shares of their worst three-day run since February, with markets targeted on renewed inflation dangers and China weak point.
2. — Deere earnings smash forecasts as farm gear demand drives outlook increase
Deere adopted rival gear maker Caterpillar in topping Avenue earnings forecasts and lifting its full-year revenue outlook amid strong world demand.
3. — US Metal says union cannot block rival bids after supporting Cleveland Cliffs
The United Steelworkers Union is supporting Cleveland Cliffs takeover bid for U.S. Metal, however it could possibly’t block over rivals, the long-lasting steelmaker mentioned.
4. — Estee Lauder earnings on deck with China restoration, U.S. demand in focus
Estee Lauder is more likely to deal with China demand and the lack of U.S. market share to its lower-priced European rivals when it publishes fourth quarter earnings later this morning.
5. — Palo Alto Networks slips decrease forward of ‘Friday Night time Particular’ earnings
Palo Alto Networks will publish a uncommon Friday evening earnings report later day following a muted outlook from cybersecurity rival Fortinet earlier this week.