The Breakfast Briefing: U.S. Futures Edge Higher As Trade Concerns With China And Canada Simmer

Ted

FYI: U.S. stock index futures picked up ahead of Thursday's open.

.The corporate space, Dell Technologies, Barnes & Noble, Lands' End, Broadcom, Domo, Five Below and Okta are all expected to publish their latest earnings reports.

.Economic data coming out Thursday includes ADP payrolls at 8:15 a.m. ET; jobless claims, productivity and unit labor costs at 8:30 a.m. ET; services purchasing managers' index (PMI) data at 9:45 a.m. ET; and ISM non-manufacturing data and factory orders at 10 a.m. ET.

Officials from the U.S. and Canada worked late into the night on Wednesday, as both sides sought to secure a new trade agreement to replace the current North American Free Trade Agreement (NAFTA) pact, a deal they failed to secure by last Friday's initial deadline. These extended talks are likely to continue in the coming days, and could potentially last weeks.

Meantime, the relationship between China and the States remains tense. Markets remain in wait-and-see mode after a report from Bloomberg last week revealed that the U.S. administration was on standby to inflict additional levies on $200 billion worth of Chinese goods as soon as this week. China's commerce ministry stated Thursday that Beijing would retaliate if Washington was to inflict new tariffs, Reuters reported.
Regards,
Ted
MarketWatch:
https://www.marketwatch.com/story/dow-set-to-edge-higher-but-broader-stock-market-on-the-brink-of-3-session-skid-2018-09-06/print

Bloomberg:
https://www.bloomberg.com/news/articles/2018-09-05/asia-stocks-face-losses-as-em-pressure-lingers-markets-wrap?srnd=premium

WSJ:
https://www.wsj.com/articles/global-stocks-drop-as-trade-threats-linger-1536220656

IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-five-investing-lessons/

Reuters:
https://www.reuters.com/article/us-global-markets/world-shares-fall-for-fifth-straight-day-hit-by-trade-war-jitters-idUSKCN1LM04K

CNBC:
https://www.cnbc.com/2018/09/06/us-markets-trade-concerns-with-china-and-canada-simmer.html

Europe:
https://www.cnbc.com/2018/09/06/european-markets-under-pressure-amid-emerging-markets-sell-off.html

Asia:
https://www.marketwatch.com/story/asian-markets-mixed-though-nikkei-sags-again-2018-09-05/print

Bonds:
https://www.cnbc.com/2018/09/06/us-bonds-and-fixed-income-bumper-economic-data.html

Currencies
https://www.cnbc.com/2018/09/06/forex-markets-dollar-pound-emerging-market-currencies-in-focus.html

Oil:
https://www.cnbc.com/2018/09/06/oil-markets-emerging-markets-us-china-trade-tariffs-in-focus.html

Gold:
https://www.cnbc.com/2018/09/06/gold-markets-dollar-china-us-trade-in-focus.html

Current Futures: Positive
https://finviz.com/futures.ashx
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