Stocks: 5 things to know before the open

Stocks: 5 things to know before the open

Here are the 5 things you ought to apprehend before the gap bell rings in New York:

1. Biggest deal of the year: German drugs and chemicals cluster pain pill (BAYRY) aforementioned it's willing to pay $62 billion in money for U.S. seeds giant Monsanto (MON). That would be the largest takeover of the year up to now if it happens.

Monsanto, (MON) the world's largest seed seller, said last week it had received associate uninvited takeover supply from pain pill, but it gave no monetary details.

The $122 per share bid represents a hefty 37% premium over Monsanto's closing value on could nine, before takeover rumors began to circulate.

Shares in Monsanto are stormy premarket.

2. Arms to Vietnam?: President Obama announced the U.S. is fully lifting its ban on fatal arms sales to Vietnam. The embargo had been in place for many years. This could facilitate U.S. defense contractors.

Obama said the move was not supported countering China's rise within the region rather on a need to continue normalizing relations between the U.S. and Vietnam.

Meanwhile, Boeing (BA) is celebrating an $11.3 billion deal to sell a hundred 737s to airline VietJet. Obama watched as the deal was signed.

3. Economics: Fresh proof of Brazil's deep recession can emerge on weekday once the country releases its Gregorian calendar month jobs report. Brazil is expected to post job losses for the 13th month in a very row.

Brazil's unemployment rate shot up to ten.2% earlier this year, which is the same level the U.S. jobless rate hit around the nice Recession in 2009.

Talking of recession, the British government has warned of a year-long economic slump if voters prefer to leave the European Union in a very referendum in Gregorian calendar month.

Information concerning the state of yank producing trade is due on weekday at 9:45 a.m. ET. The new U.S. Market manufacturing PMI report for could is expected to point out a small improvement compared to the previous month.

4. Global market overview: U.S. stock futures area unit inform up and European markets are border higher in early commercialism.

Asian markets ended the day with mixed results.

Crude oil futures are slithering by concerning one hundred and twenty fifth to trade around $48 per barrel.

Last week it had looked like oil would power past the $50 mark thanks to unexpected provide outages.

5. Weekly market recap: There was no clear upward or downward trend in the market last week.

The Dow Jones industrial average sank 0.2% over the course of 5 commercialism days whereas the S&P five hundred rose zero.3% and the information system rose one.1%.