Stock Futures Gain as Geopolitical Concerns Ease, Bidding War Ensues Aug 18, 2014 08:14AM

Stock futures are solidly higher Monday as geopolitical concerns eased somewhat overnight and a bidding war has developed for Family Dollar Stores, Inc. (NYSE: FDO).

Today, Ukraine and Russia met in Berlin and Russian Foreign Minister, Sergey Lavrov, said that a final agreement was reached on the delivery of humanitarian aid to Luhansk. Additionally, Kurdish forces made progress in Northern Iraq with Kurdish "peshmerga" forces retaking the Mosul dam from ISIS.

Adding to the bullishness, Dollar General (NYSE: DG) made a proposal to acquire Family Dollar Stores, Inc. (NYSE: FDO) for $78.50 per share in cash, in a transaction valued at $9.7 billion. The offer tops Dollar Tree's (Nasdaq: DLTR) $74.50 per share offer for Dollar General made on July 28th.

Dow futures are up 92, Nasdaq futures are up 22 and S&P 500 futures are up 11.

Market participates are also closely watching the developments in Ferguson, Missouri, although they are putting little emphasis on the civil unrest. Overnight, protests again grew violent, and today Gov. Jay Nixon signed an executive order to call in the National Guard.

This week is the Fed's Jackson Hole meeting. On Friday, Janet Yellen will deliver a speech that markets will be closely watching.


UPDATE: Ukraine Forces Attacked, Destroyed Part of Armed Convoy from Russia - Ukraine's Lysenko (RSX) (SPY) (QQQ) Aug 15, 2014 11:16AM

(Updated - August 15, 2014 11:16 AM EDT)

(Updated - August 15, 2014 11:10 AM EDT)

Ukraine forces attacked armed convoy from Russia, according to Andriy Lysenko, a spokesman for Ukraine's National Security and Defense Council.

Lysenko also commented that part of it no longer exists.

Markets have dipped lower on the headlines. Market Vectors Russia ETF (NYSE: RSX) is also negative now.

UPDATE - More headlines crossing:

According to Reuters, the Russian Foreign Ministry said Ukrainian forces are engaging in intense fighting in eastern Ukraine to stop humanitarian aid to the region.

Ukraine's president also said that the country's artillery destroyed part of the Russian armored equipment that crossed into the country.

Russia and Ukraine were said to agree on the route to Luhansk.

UPDATE 2 - The following is from president.gov.ua:

"President of Ukraine and Prime Minister of Great Britain discussed international efforts on the settlement of the conflict in the Donbas"

President of Ukraine Petro Poroshenko had a phone conversation with Prime Minister of Great Britain David Cameron.

The parties coordinated their actions on the response to the information regarding the entry of Russian military machines to the territory of Ukraine that has been clearly witnessed by international journalists, particularly of "Guardian" newspaper. The President informed that the given information was trustworthy and confirmed because the majority of that machines had been eliminated by the Ukrainian artillery at night.

The British Prime Minister once again reaffirmed his strong and gradual support to Ukraine and the actions of the President. He also asked about the issue on humanitarian assistance for Luhansk. The President informed on recent developments. He stressed that the Ukrainian part of the international humanitarian assistance in the framework of the Red Cross mission was on its way to Luhansk.

The President expressed concern over the situation on the border, particularly, over the fact that the inflow of Russian arms and military machines in Ukraine through the open part of the border continued.

The parties discussed international efforts for the dialogue on the possibility to settle the situation in the Donbas and the prospects of enhancing military-technical cooperation.

David Cameron informed that Great Britain was ready to provide financial assistance to Ukraine in the framework of the UN humanitarian assistance.


UPDATE: Ukraine Forces Attacked, Destroyed Part of Armed Convoy from Russia - Ukraine's Lysenko (RSX) (SPY) (QQQ) Aug 15, 2014 11:16AM

(Updated - August 15, 2014 11:16 AM EDT)

(Updated - August 15, 2014 11:10 AM EDT)

Ukraine forces attacked armed convoy from Russia, according to Andriy Lysenko, a spokesman for Ukraine's National Security and Defense Council.

Lysenko also commented that part of it no longer exists.

Markets have dipped lower on the headlines. Market Vectors Russia ETF (NYSE: RSX) is also negative now.

UPDATE - More headlines crossing:

According to Reuters, the Russian Foreign Ministry said Ukrainian forces are engaging in intense fighting in eastern Ukraine to stop humanitarian aid to the region.

Ukraine's president also said that the country's artillery destroyed part of the Russian armored equipment that crossed into the country.

Russia and Ukraine were said to agree on the route to Luhansk.

UPDATE 2 - The following is from president.gov.ua:

"President of Ukraine and Prime Minister of Great Britain discussed international efforts on the settlement of the conflict in the Donbas"

President of Ukraine Petro Poroshenko had a phone conversation with Prime Minister of Great Britain David Cameron.

The parties coordinated their actions on the response to the information regarding the entry of Russian military machines to the territory of Ukraine that has been clearly witnessed by international journalists, particularly of "Guardian" newspaper. The President informed that the given information was trustworthy and confirmed because the majority of that machines had been eliminated by the Ukrainian artillery at night.

The British Prime Minister once again reaffirmed his strong and gradual support to Ukraine and the actions of the President. He also asked about the issue on humanitarian assistance for Luhansk. The President informed on recent developments. He stressed that the Ukrainian part of the international humanitarian assistance in the framework of the Red Cross mission was on its way to Luhansk.

The President expressed concern over the situation on the border, particularly, over the fact that the inflow of Russian arms and military machines in Ukraine through the open part of the border continued.

The parties discussed international efforts for the dialogue on the possibility to settle the situation in the Donbas and the prospects of enhancing military-technical cooperation.

David Cameron informed that Great Britain was ready to provide financial assistance to Ukraine in the framework of the UN humanitarian assistance.


Stocks Extend Gains as Russia Ends War Drills Aug 8, 2014 01:39PM

Stocks extended earlier gains mid-day on headlines Russia has ended war drills, with forces and planes returning to bases.

While the news was somewhat expected, it could suggest that U.S. and European sanctions are starting to have an impact on Russia's Putin and he is calming down his direct military threats on Ukraine.

The Dow is up 143, the Nasdaq is up 28 and the S&P 500 is up 16.

Stocks started strong this morning after the U.S. began airstrikes on ISIS targets in Iraq.


Stocks Move Higher as Iraq Airstrikes Begin Aug 8, 2014 09:11AM

U.S. stock futures ticked higher following news the U.S. started targeted airstrikes against ISIS targets in Iraq.

After trading lower before the bombings, Dow futures are now up 27, Nasdaq futures are up 8 and S&P 500 futures are up 5.

Pentagon Press Secretary and Spokesman, Rear Adm. John Kirby, announced the bombings in a tweet about a half hour ago: "US military aircraft conduct strike on ISIL artillery. Artillery was used against Kurdish forces defending Erbil, near US personnel," he said.

Two U.S. F/A-18 fighter jets dropped 500-pound laser-guided bombs on the ISIS targets, the Pentagon said.

The bombings in Iraq come despite warnings from ISIS that they now control the Mosul Dam and threatened to flood Baghdad.


More Market Check

View Older Stories

Aug 5, 2014 01:48PM Stocks Weaken on Headlines Russian Units Poised to Pressure on Invade Ukraine
Jul 31, 2014 03:55PM Stocks Sink on Argentine Default and Rate Hike Worries
Jul 30, 2014 02:00PM FOMC tapers bond buying program to $25B/month pace
Jul 17, 2014 11:29AM Stocks Weaker Following Malaysian Plane Crash Near Ukraine/Russia Border
Jul 10, 2014 08:38AM Stocks Set to Open Sharply Lower on Portugal Woes and High-Profile Profit Warnings
Jul 3, 2014 09:59AM Dow Moves Above 17,000
Jul 3, 2014 09:31AM Dow Trades Above 17,000
Jun 27, 2014 07:33AM 8 Overnight Headlines and 4 Items for the Day Ahead; Inflation Data in Focus
Jun 26, 2014 07:32AM 3 Overnight Headlines and 3 Items for the Market Day Ahead
Jun 25, 2014 07:54AM 1 Overnight Headline and 4 Items for the Day Ahead
Jun 24, 2014 07:24AM 2 Overnight Headlines and 9 Items for the Day Ahead
Jun 19, 2014 07:14AM 3 Overnight Headlines and 8 Items for the Day
Jun 18, 2014 07:38AM FOMC Decision Takes Center Stage
Jun 18, 2014 07:13AM 3 Overnight Headlines and 3 Items for the Day
Jun 17, 2014 07:23AM 4 Overnight Headlines and 3 Items for the Day
Jun 12, 2014 02:30PM Stocks Weaker as Wall of Worry Grows
Jun 12, 2014 07:04AM 9 Overnight Headlines and 9 Items for the Day Ahead
Jun 11, 2014 11:38AM Stocks Lower on Speculation of Early End to QE
Jun 11, 2014 07:20AM Overnight Headlines and Four Items for the Day Ahead
Jun 10, 2014 07:51AM Overnight Headlines and Four Items for the Day Ahead
Jun 6, 2014 07:17AM Overnight Headlines and Four Items for the Day Ahead with Jobs Report in Focus
Jun 5, 2014 11:41AM David Tepper's Nervousness 'Alleviated'
Jun 5, 2014 08:39AM German DAX rises above 10,000 for the first time ever
Jun 5, 2014 07:14AM Overnight Headlines and Six Items for the Day Ahead with ECB in Focus
Jun 4, 2014 07:50AM Overnight Headlines and Seven Items for the Day Ahead
Jun 3, 2014 07:20AM Overnight Headlines and Three Items for the Day Ahead
May 30, 2014 07:13AM Overnight Headlines and Six Items for the Day Ahead
May 29, 2014 07:13AM Overnight Headlines and Three Items for the Day Ahead
May 28, 2014 07:17AM Overnight Headlines and Four Items for the Day Ahead
May 27, 2014 07:51AM Watch These Seven Items for the Day Ahead
May 23, 2014 06:54AM Watch These Seven Items for the Day Ahead
May 22, 2014 07:19AM Watch These Six Items for the Day Ahead
May 21, 2014 07:15AM Watch These Three Items for the Day Ahead
May 20, 2014 07:51AM Events to Watch Today that Could Impact Markets
May 15, 2014 11:49AM Stocks Weak as Tepper Admits He's 'Nervous'
May 13, 2014 09:49AM S&P 500 tops 1,900 for the first time
Apr 30, 2014 01:33PM Stocks Mildly Higher Ahead of FOMC Statement; No Surprises Expected
Apr 28, 2014 03:28PM Stocks Bid Up as Russia Pulls Troops from Ukraine Border
Apr 25, 2014 02:01PM Stocks Weaker... Einhorn's Stark Warning Rings
Apr 16, 2014 11:13AM Stocks Off Highs Into Yellen Speech
Apr 15, 2014 10:41AM Stocks Choppy With Escalation of Ukraine Violence
Apr 10, 2014 01:57PM Stocks Sink; Margin Fears Take Center Stage
Apr 7, 2014 10:14AM Nasdaq Turns Positive
Apr 4, 2014 02:45PM Nasdaq Composite falls 2.7%, heading for biggest drop since 2012
Apr 4, 2014 12:37PM Blood-Bath in Nasdaq Stocks
Mar 24, 2014 11:34AM Stocks Weaker, Led by High-Beta Names
Mar 19, 2014 03:15PM Stocks Fall on Fed's Hawkish Tone
Mar 19, 2014 07:17AM FOMC in Focus as Janet Yellen Enters Stage Right
Mar 18, 2014 07:49AM Putin Calls Crimea 'Inseparable' Part of Russia, Criticizes West
Mar 17, 2014 07:31AM Stocks Gain as Crimea Votes Overwhelmingly to Rejoin Russia
View Older Stories