Dow Futures Positive After Mexico Deal

The Dow Jones Industrial Average (DJI) looks set to extend its win streak today, with futures trading well above fair value this morning. Wall Street is cheering news that President Donald Trump will not be placing tariffs on imports from Mexico, after the U.S. struck a deal with the country over the weekend. Automakers are set for a strong session as a result, while other investors monitor a number of major merger deals. Most notably, defense names Raytheon (RTN) and United Technologies (UTX) said they are combining their aerospace businesses.

Continue reading for more on today's market, including: 

• The retailer booming after last week's IPO.
• Tilray partnership has penny stock in focus.
• Plus, 2 more M&A headlines; and why one analyst thinks Kroger earnings could flop. 

5 Things You Need to Know Today

1. The Chicago Board Options Exchange (CBOE) saw 1.28 million call contracts traded on Friday, compared to 653,832 put contracts. The single-session equity put/call ratio moved down to 0.51, while the 21-day moving average was 0.70.
2. The shares of Tableau Software Inc (NYSE:DATA) are up almost 35% before the open thanks to news Salesforce.com, Inc. (NYSE:CRM) is buying the company in an all-stock deal valued at $15.3 billion. This comes after CRM last week gained on upbeat earnings.
3. In other M&A news, Shutterfly, Inc. (NASDAQ:SFLY) is set to open up 7.2% following a Reuters report saying private equity firm Apollo Global Management is a favorite to buy the company. The stock has lost almost half its value over the past year.
4. On the analyst front, Jefferies weighed in on Kroger Co (NYSE:KR) ahead of the company's earnings release next Thursday, June 20. The brokerage firm is concerned that the price of the grocery chain's growing investments could weigh on the quarterly results, though it maintained a "buy" opinion, along with a $29 price target, while suggesting a surprisingly strong report could spark a short squeeze in KR shares.
5. The week will kick off with the Job Openings and Labor Turnover Survey (JOLTS). Ascena Retail Group (ASNA) will report earnings.
   
   

China Stocks Rise on Trade Data

Markets in Asia got a boost today, as investors looked at Chinese trade data that showed an unexpected surge in exports in May, while imports fell more than forecast. The release had China’s Shanghai Composite up 0.9%, and the yuan sinking to new year-to-date lows. Hong Kong’s Hang Seng rose 2.3%, South Korea’s Kospi made a 1.3% pop as auto stocks soared, and Japan’s Nikkei rose 1.2% on promising revised gross domestic product (GDP) data.

News that Trump will no longer be imposing tariffs on Mexico had European markets inching higher midday. London’s FTSE 100 rose 0.5%, despite disappointing economic data that showed the U.K. economy contracted in April, sparked by a drop in car production numbers. The French CAC 40 is 0.3% higher, and the German DAX is closed for holiday.