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The Breakfast Briefing: U.S. Futures Under Pressure As Trade War Concerns Resurface
FYI: U.S. stock futures and European shares fluctuated on Tuesday while gains in Asian equities were limited after President Donald Trump said he’d likely increase tariffs again on Chinese imports, just days before meeting with his counterpart Xi Jinping. Commodities retreated, led by copper.
Contracts on the Dow, S&P and Nasdaq drifted, while Treasuries and the dollar held steady before the Federal Reserve’s top two officials speak in the coming two days. Equity benchmarks rose in Japan, but were steady in Hong Kong and China, in the wake of signals from Trump that he is prepared to go ahead with plans for higher tariffs, though China’s foreign ministry urged the U.S. to work toward a positive outcome during a planned meeting at the Group of 20 summit this week. Brent crude fell back toward $60 a barrel. Regards, Ted WSJ: https://www.wsj.com/articles/global-stocks-pause-ahead-of-u-s-china-trade-meeting-1543309669
