Liferep.net

Tuesday January 5, 2016

// January 5th, 2016 // Daily News

Wall Street eyes lower open as China weighs

CNBC.com
U.S. stock index futures looked set to open lower as jittery Chinese markets weighed on global risk sentiment.
Chinese stocks veered between gains and losses overnight, following a sharp selloff in the previous session after weak Chinese manufacturing surveys revived fears of a slowdown in the world’s second-biggest economy.
On Tuesday, the Shanghai Composite eventually closed down 0.3 percent, while the smaller Shenzhen Composite ended 1.9 percent lower. The CSI300 closed up 0.3 percent on Tuesday, after a 7 percent dip on Monday resulted in trade being suspended. This was after China tested out its new system-wide circuit breakers, which are linked to the large-cap dominated index.
Monday was a rocky day for stock markets across the globe and the Dow Jones Industrial Average was no exception, closing down 1.6 percent. That marked the worst first trading day of the year since 2008.
The S&P 500 closed 1.5 percent lower on the day in its worst start to the year since 2001.
Earnings remain thin on the ground on Tuesday, with Sonic posting quarterly numbers and Eli Lilly giving 2016 guidance.
The day will also bring auto and truck sales data for December, out at 2 p.m. ET, plus the ISM-New York report on business.
In stock specific news, the U.S. Justice Department filed a civil lawsuit on Monday against Volkswagen for allegedly violating the Clean Air Act by installing illegal devices in vehicles to cheat emissions tests.
Outside the U.S., Middle Eastern oil-producing nations are in focus after Saudi Arabia broke off diplomatic ties with Iran following an attack on its embassy. The White House has urged the two countries to show restraint, while Saudi Arabia has said that it will continue to push for peace in Syria and Yemen.

Today’s Inspiration

Possess Your Soul

by Joyce Meyer – posted January 05, 2016

By your steadfastness and patient endurance you shall win the true life of your souls.
—Luke 21:19

You need to learn not to let your mind and emotions get the best of you, especially when it involves things over which you have no control.

Suppose you are on your way to an important interview and get caught in a traffic jam. How do you react? Is it worth getting all upset and unleashing a wild spirit? Wouldn’t it be much better for you and everyone else if you just remained calm, even if you were late for the interview? If you have done your best, God will do the rest.

Refuse to get wild when things don’t go as you planned. Refuse to allow your mind, will, and emotions to rule your spirit. In your patience you will learn to possess your soul.