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5 things to know before the bell



  pre-trading thursday
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. 1 Kroger relies on automation: Kroger has entered into an exclusive contract with UK Online Supermarket to use its automated storage technology in the US

Kröger ( KR ) will as well a share of 5% in Ocado ( OCDGF ) with an investment worth approximately £ 1

83 million ($ 247 million) as part of the agreement.

Ocado said Kroger was the best positioned supermarket to succeed in the US online food market.

The British company has made similar deals with supermarket chains in France, Canada and Sweden in recent months. The shares of Ocado rose after the announcement in London by 44% to a new record high.

2. Retail revenues: Walmart ( WMT ) the world's largest retailer, will release the results of the first quarter before the opening bell.

Walmart's share price fell 13% this year, which was constrained by concerns about online revenue growth. Analysts are watching the company's online performance to understand if and how it can compete with Amazon ( AMZN ) .

Walmart's $ 16 billion deal to buy Indian online retailer Flipkart also received an icy response from investors.

Nordstrom ( JWN ) will report the result after the closing bell. The company has just opened its first stand-alone male site, a gadget-heavy business in New York, designed to attract shoppers with a unique experience. Investors will want to know how customers react.

3. Italian Thrill: Italian equities and government bonds fell on Wednesday after reports of a leaked coalition program between two populist parties had startled investors. The main market in Milan recovered slightly on Thursday, but was still down 1.5% for the week.

The draft suggested that the new Italian government could ask Europe to ease budgetary rules and deduct a large part of its huge debt.

"The worsening prospects for economic policy, the emergence of anti-euro narratives and the lack of expertise of the new government could be more than enough to undermine market confidence – and thus the fragile recovery of the Italian economy," said Federico Santi, analyst at Eurasia wrote in a research note.

The euro also fell on Wednesday, but was stable on Thursday, holding steady against other major currencies.

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4. Overview of the Global Market: US stock futures fell early Thursday night, and markets in Europe and Asia were mixed.

The Dow Jones Industrial Average closed 0.3% higher on Wednesday, while the S & P 500 rose 0.4% and the Nasdaq gained 0.6%.

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5. This week come:
Thursday – JCPenney ( JCP ) Walmart, Nordstrom Merit
Friday – Campbell Soup [ CPB ) Result

CNNMoney (London) First published May 17, 2018: 5:03 AM ET

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