Premarket: What you need to know before the clock
An IPO of that size would be one of the greatest in tech history. The company could make registration documents related to the sale available Thursday, according to Reuters.
The news agency reported that Uber was targeting a valuation of up to $ 100 billion. Uber refused to comment on the report.
The airline has already said that revenue in the first quarter will be better than expected, thanks to fuel costs rising at a less dramatic rate than it had originally expected.
Delta has an advantage over many other US carriers. It has no Boeing 737 Max jets, which has made it possible to avoid headaches associated with
3. Central banks in focus: The European Central Bank will announce its latest decision on the interest rate at 07:45 ET. A press conference will follow at 8.30. ET.
No political changes are expected, but ECB President Mario Draghi can provide an assessment of economic data suggesting continued weakness in the major euro area economies.
Draghis view as president of the central bank ends in October and speculation about who will replace him is mounted.
At 1[ads1]4:00 ET, the US Federal Reserve releases minutes from the March meeting. The Fed kept prices stable, lowered its economic forecasts and signaled no further interest rate hikes this year.
Investors will hunt for clues as to whether any members believe the Fed should cut prices – as both President Donald Trump and his Fed Board pick Stephen Moore have called.
4. Brexit Summit: British Prime Minister Theresa May travels to Brussels to seek a Brexit extension that prevents the country from crashing out of the block without a Friday agreement.
"The odds still favor the UK being offered a longer extension of Brexit negotiations, with a strict condition," said Kit Juckes, a strategist at Societe Generale.
Juckes said the outcome would be positive for the pound, which has been volatile in recent weeks.
UK GDP grew 0.3% in the three months to February, according to the National Statistics Agency. Construction production fell 0.6% during the period, but services grew 0.4%.
US inflation data for March will be published at 08:30. ET. Weekly US commodity data will be released at. 10.30 ET.
Wednesday – Delta Air Lines ( DAL ) LVMH ( LVMHF] ) and Seng Bath & Beyond ( BBBY ) Earnings; US March consumer prices; Fed minutes; ECB interest rate decision; British GDP and EU Summit on Brexit
Thursday – Rite Aid ( RAD ) ) earnings; Disney ( DIS ) investor day; ] and Wells Fargo ( WFC ) ) ] [19659000]]
