[video] Nov. 29 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Friday, Nov. 29:
1.-- U.S. stock futures were pointing to a higher start for Wall Street on Black Friday, the traditional first day of the Christmas shopping season.
Stock markets in the U.S. will close Friday at 1 p.m. EST.
European shares were trading flat following a surprise decline in retail sales in Germany. Asian stocks ended the session mixed. Japan's Nikkei 225 fell 0.4%.
2.-- The economic calendar in the U.S. Friday is bare.
3.-- U.S. stocks on Wednesday closed higher with the S&P 500 gaining 0.25% to 1,807.23 to extend the benchmark gauge's 2013 advance to 26.7%.
The Dow Jones Industrial Average rose 0.15% to 16,097.3. The Nasdaq jumped 0.67% to 4,044.75.
U.S. Markets were closed Thursday for the Thanksgiving holiday.
Internal candidate Tony Bates and former Nokia
5.-- Australia blocked Archer Daniels Midland's
Australian Treasurer Joe Hockey said he rejected the 100% takeover of GrainCorp because it wouldn't be in the Australian national interest.
ADM, which owns a stake of nearly 20% in GrainCorp, offered to buy the remaining 80% of the company last year. A sweetened offer in May amounted to 12.20 Australian dollars ($12.63) a share in cash, giving GrainCorp a value of AU$3.4 billion.
The Department of Health and Human Services won't renew its contract with Terremark and instead awarded a new contract over the summer to HP, according to The Wall Street Journal .
7.-- Online sales as of 9 p.m. on Thanksgiving were up about 11.5% from last year, according to a report from IBM Digital Analytics Benchmark. Mobile traffic increased more than 31% while smartphones accounted for 24% of all online traffic, according to IBM.
8.-- General Motors
"When Bob was appointed president of our largest market, our plan was for him to help prepare his successor," Dan Akerson, GM chairman and CEO, said in a statement Friday. "Matt is now ready to step into the role and we wish Bob the best in his retirement."