Stocks close mostly lower as earnings season gets under way

European Economics Preview: Eurozone Economic Sentiment Data Due

Economic confidence survey from euro area and factory orders from Germany are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis publishes Germany’s factory orders data for November. Orders are forecast to grow 0.2 percent on month, in contrast to a 0.4 percent fall in October.

In the meantime, industrial production figures from Norway are due.

At 2.45 am ET, France consumer sentiment survey data is due from Insee. Economists forecast the consumer sentiment index to drop to 104 in December from 106 in November.

Also, France foreign trade and balance of payment reports are due.

At 3.00 am ET, the Hungarian Central Statistical Office issues preliminary foreign trade data. The trade surplus is expected to increase to EUR 523 million in November from EUR 479 million in October.

At 3.30 am ET, UK Halifax house price data is due. Economists forecast house prices to rise 0.6 percent on month in December, following an increase of 1 percent in November.

At 5.00 am ET, European Commission is scheduled to release euro area economic sentiment survey data. The confidence index is expected to rise to 101.5 in December from 101.3 in November.

At 7.00 am ET, Poland’s interest rate decision is due. The bank is set to keep its key rate unchanged at 1.50 percent.

Google acquires startup Pointy to help brick-and-mortar retailers list inventory online

Alphabet Inc.’s GOOGL, -0.23%GOOG, -0.15% Google on Tuesday said it intends to acquire Pointy, a retail startup in Ireland that lets brick-and-mortar retailers list inventory online. Terms of the deal, expected to close soon, were not disclosed. Pointy’s software lets retailers automatically track store inventory, which is displayed on Google’s "see what’s in store" section, and on a Pointy page. So far, Pointy has raised $19 million in venture capital, it said in mid-2018. "By joining forces, we will be able to help people discover local stores and products on a much larger scale," Pointy co-founders Marks Cummins and Charles Bibby said in a release announcing the acquisition. "We think this is the right way to accomplish what we set out to do – to bring the world’s retailers online and give them the tools they need to thrive."

WestJet flight from Calgary diverted to Vancouver after plane damaged by bird strike

A WestJet flight from Calgary to Victoria was forced to divert to Vancouver on Tuesday after striking a bird while in flight.

The collision caused visible damage to the aircraft’s nose.

WestJet said it made the decision to divert flight 209 to the Vancouver International Airport (YVR) due to maintenance resources available at the facility.

The Boeing 737-800 departed Calgary at 8:43 a.m. MT and arrived at YVR at 7:42 PT.

Rockets target Taji military base north of Baghdad

BAGHDAD (REUTERS) – Iraqi camp Taji north of Baghdad was targeted by Katyusha rockets on Tuesday (Jan 14), with no casualties reported, an Iraqi military statement said.

No group has claimed responsibility for the attack.

On Sunday, four people were wounded after eight Katyusha rockets were fired at Balad air base, which houses US personnel, located about 80km north of Baghdad, the Iraqi military said in a statement.

Military sources identified the wounded as Iraqi soldiers.

Rockets target Taji military base north of Baghdad – statement

BAGHDAD (Reuters) – Iraqi camp Taji north of Baghdad was targeted by Katyusha rockets on Tuesday, with no casualties reported, an Iraqi military statement said.

No group has claimed responsibility for the attack.

On Sunday, four people were wounded after eight Katyusha rockets were fired at Balad air base, which houses U.S. personnel, located about 80 km (50 miles) north of Baghdad, the Iraqi military said in a statement. Military sources identified the wounded as Iraqi soldiers.

Baird report on why Tories lost the election is finished, but won’t be made public

The report into why the federal Conservatives lost the last election is finished.

But there’s no plan to make it public, according to a Conservative source with knowledge of the report.

Former Tory cabinet minister John Baird was brought in by the party after its election loss to produce a report on why it failed to form government.

Much criticism by party insiders has put the blame squarely on Conservative Leader Andrew Scheer and his views on same-sex marriage and reproductive rights.

Scheer announced last month he will step down once the party picks a new leader.

New video shows two Iranian missiles hit Ukraine plane in Iran – NYT

WASHINGTON (Reuters) – New security camera footage shows two Iranian missiles, fired 30 seconds apart, hit a Ukrainian commercial airliner after takeoff from Tehran on Jan. 8, the New York Times reported on Tuesday.

The missiles were launched from an Iranian military facility eight miles away from the plane, the newspaper said. Neither missile took down the plane immediately and the video shows the plane on fire and circling back toward Tehran airport, it said.

Stocks close mostly lower as earnings season gets under way

U.S. stocks ended Tuesday’s session mixed, with the Dow posting modest gains and setting a new intraday high, while the S&P 500 and Nasdaq notched modest losses as investors parsed fourth-quarter results from several major financial firms as earnings season began in earnest. The Dow Jones Industrial Average DJIA, +0.11% rose 27 points, or 0.1% to end the day at around 28,935, the S&P 500 index SPX, -0.15% lost about 5 points, or 0.2% to close at 3,283 and the Nasdaq Composite index COMP, -0.24% retreated 23 points, or 0.2% to end at approximately 9,251. Stocks were boosted in early trade by better-than-expected earnings reports from Citigroup Inc. C, +1.56% and Dow component JPMorgan Chase & Co. JPM, +1.17% , with Citi’s stock gaining 1.6% on the day and JP Morgan’s adding 1.2%. Wells Fargo & Co. WFC, -5.39% results disappointed, however, and the bank’s shares fell 5.4% Tuesday. Investors were also eyeing developments in U.S.-China trade, with a phase-one deal set to be singed Wednesday. Stocks hit session lows after a report from Bloomberg News said that existing tariffs on Chinese imports would likely stay in place through the election, before mostly recovering those losses. In other company news, Delta Air Lines Inc. DAL, +3.29% shares rose 3.3% after it reported better-than-expected earnings and Perrigo Co. Plc [PRGO] shares rose 12.6% to lead the S&P 500, after it raised its guidance for full-year 2019 sales.