News Formal

Three before you leave — What to watch for in the market Tuesday, including trade deals and Nike

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Here are the most important things to know about Tuesday before you hit the door including earnings from Nike and likely updates on Trump's trade deals.

The S&P/Case-Shiller's home price index is up first and then later in the morning, the Conference Board's consumer confidence survey. Economists polled by Dow Jones expect home prices nationally rose 3.1% year-over-year, but that consumer confidence eased a bit this month to 132.7 from 135.1 in August.The shoe giant will report after the bell Tuesday earnings of 71 cents a share for the last quarter, up 6.9% from a year earlier, according to UBS.

"Without Street EPS estimates increasing, we doubt Nike's near-peak 30x P/E can move much higher," wrote Jay Sole, UBS retail analyst in a recent note.President Donald Trump will address the United Nations General Assembly. While President Xi will not be there, the Chinese delegation will be in the same room with Trump for the first time since tensions heightened last month.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The future of finance, inside Peloton's IPO, and CMOs to watchHere are the top business stories you need to read this week, including coverage on the future of finance, Peloton's IPO, and CMOs to watch.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Australia stocks set to dip as investors watch US-China trade developmentsStocks in Australia were set to dip at the open on Monday as investors watch for developments on the U.S.-China trade front. Trump staffers are leaking a Trade Deal May be on the Horizon. Facts are Trump is going to accept a soft/partial deal and claim victory. He wants to get re-elected too badly and sees metrics beginning to negatively impact economy.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks seen lower as traders watch US-China trade developmentsEuropean shares are set to open lower on Monday, with investors keeping a close watch for developments on the U.S.-China trade front.
Source: CNBC - 🏆 12. / 72 Read more »