Global markets rally for 2nd day as Brexit fears ease


U.S. stock futures were higher again this morning. A strong bounce-back on Wall Street Tuesday, which followed two sessions of steep post-Brexit declines, basically erased Monday's downturn. European stocks were higher for a second day, as was the battered British pound. (CNBC)

Global bond prices and gold were rather steady as investors ventured into riskier assets as concerns about near-term Brexit risks eased. Oil was rallying again as traders turned their attention to supply risks from a potential strike in Norway and crisis in Venezuela. (Reuters)

Embodying nationalistic themes that stoked leave voters' ire in Britain's EU referendum, presumptive GOP presidential nominee Trump painted Democratic rival Hillary Clinton as a champion of globalization that's pushed manufacturing jobs overseas. (AP)

Istanbul's busy Ataturk Airport reopened this morning, after an attack blamed on ISIS killed at least 41 people and wounded more than 100 others. Authorities said three terrorists arrived in a cab and opened fire and set off at least two explosions. (NBC News)

Hillary Clinton and Donald Trump offered quite different reactions to the Istanbul terror attacks. Clinton offered support, while Trump advocated fighting "fire with fire," highlighting the contrasting views of the candidates on foreign policy. (NBC News)

Shares of Dow component Nike (NKE) were sharply lower in premarket trading, after warning about slower future orders. The athletic apparel and footwear maker did report slightly better-than-expected quarterly earnings and in-line revenues. (CNBC)

After 14 years at the helm, Honeywell's (HON) David Cote plans to step down as CEO at the end of March 2017. He'll be replaced by President and COO Darius Adamczyk. Cote will continue as executive chairman until April 2018. (Reuters)

Shares of Dow stock United Technologies (UTX) were little changed in the premarket on the Honeywell leadership changes. Cote had spearheaded a Honeywell effort to acquire UTX for more than $90 billion. The deal fell apart in March because UTX rebuffed the offer. (CNBC)

In the wake of Tesla's (TSLA) proposed bid for SolarCity (SCTY), an investor group called on the electric automaker to add two independent directors and separate the chairman and CEO roles held by founder Elon Musk. Musk is also chairman and largest shareholder of SolarCity. (Reuters)

Online home rental marketplace Airbnb is currently raising an undisclosed amount of cash at a $30 billion valuation. Such a deal would make Airbnb the second-most valuable startup in the U.S., trailing only Uber that's valued at $62.5 billion. (Recode)

Senate Democrats blocked a deal for funding to fight the mosquito-borne Zika virus, which has been linked to birth defects in the babies of infected pregnant women. The stalemate virtually guarantees legislation won't get to the president's desk this month. (The Hill)


The futures-market odds shifted from a chance of a Fed interest rate hike to a better chance of a rate cut by December, as traders reacted to the recent volatility around the Britain's surprise leave vote.

Fed Chair Janet Yellen's favorite PCE inflation indicator, as well as fresh income and spending numbers, could temporarily distract markets from the Brexit aftermath. Those data points for May are out at 8:30 a.m. ET.

Pending home sales for last month are released at 10 a.m. ET. The Energy Department releasing its weekly look at oil and gasoline inventories at 10:30 a.m. ET.

Mortgage application volume decreased 2.6 percent on a seasonally adjusted basis last week, but they were nearly 38 percent higher from a year ago when home loan rates were higher. Refis fell 2 percent last week.


Energy Transfer Equity (ETE) ended its $33 billion merger agreement with Williams Companies (WMB). Last week, a judge ruled that ending the deal was legal because of the lack of a necessary tax opinion. Williams believes ETE breached the merger agreement and has filed an appeal.

Toyota (TM) recalled nearly 3.4 million vehicles worldwide for possible defects involving airbag inflator cracks and emission control units. The parts in question were not made by Takata, the Japanese supplier at the center of a massive airbag recall.

Noodles & Co. (NDLS) said some customer debit and credit card information may have been compromised by malicious software at its payment terminals over a four month period. The restaurant chain said malware was found at locations in 27 states and Washington, D.C.

Sony (SNE) boosted sales projections for its games division for its next fiscal year, helped by hopes for its virtual reality headset. However, it cut its outlook for sales of image sensors due to slowing demand for smartphones. The electronics giant also plans to re-enter the robots business.