From Nasdaq:

Asia-Pacific equity markets finished lower except for India’s SENSEX and Japan’s Nikkei, which gained after Yen weakness boosted shares of exporters. U.S. equity futures point to a down market open today, suggesting the market’s winning streak may be broken. Economic data received so far this week has pushed back on the market’s expectations for six rate cuts this year.

Retail Sales in Germany decreased by 2.40% YoY in November and the inflation rate in December for the Euro Area rose to 2.9% YoY. Danish shipping giant Maersk (AMKBY) said it would extend its diversion of vessels from the Red Sea due to safety concerns amid attacks by Houthi militants.

In addition to the December Employment Report and the December Service PMI, at 10 AM ET November Factory Orders will be reported. The Energy Information Administration reported U.S. commercial crude inventories fell by a larger-than-expected 5.5M barrels, but gasoline stocks surged by 10.9M barrels, and distillate inventories jumped by 10.1M barrels.

Hospitals across several U.S. states have reimposed masking requirements for patients and staff amid a spike in COVID and flu infections. Technology and Consumer Discretionary extended their current slump, down 0.75% and 0.70%, while Healthcare and Financials showed strength.

Costco Wholesale reported December net sales that rose 9.9% YoY to $26.15 billion, with comparable sales up 8.1%. Foxconn Technology reported its December revenue fell 26.89% YoY, but was better than expected.

Tesla has issued a recall on more than 1.62M vehicles exported to China due to problems with their automatic assisted steering and door latch controls that can increase the risk of accidents. American Tower signed a definitive agreement to sell its operations in India.

Preliminary IPO calendar for January is almost blank, with no companies expected to report quarterly results after equities stop trading today. Germany, Eurozone, and US economic data will be reported next week.



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