Here are the most important news, trends and analysis that investors need to start their trading day:
A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, August 5, 2021.
Andrew Kelly | Reuters
Stock futures were pointing to a lower open to start the week as data from China pointed to a slowing economic recovery. Stocks tied to a global economic recovery were down in premarket trading. The moves comes after the Dow and S&P 500 closed at records on Friday.
Residents of Wuhan city in China’s Hubei province queue to take nucleic acid tests for Covid-19 on August 3, 2021.
STR | AFP | Getty Images
Retail sales in China were up 8.5% year over year in July, below the 11.5% projected by analysts surveyed by Reuters. The softer-than-expected reading comes as the spread of the…