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The Breakfast Briefing: Global Stocks Waver As Treasury Yields Decline: No Markets Tomorrow
FYI: ( Reminder: U.S. stock markets will be closed Wednesday, Dec. 5, in observance of a national day of mourning for President George H. W. Bush. The U.S. bond market will also be closed for trading on Dec. 5, on the recommendation from the Securities Industry and Financial Markets Association, better known as SIFMA. The CME Group also said it will shutter its U.S.-based equity and interest rate futures and options products.)
Global stocks relinquished some of their sharp early-week gains Tuesday, with bond yields and the U.S. dollar remaining under pressure as investors curbed the enthusiasm that followed a softening in geopolitical tensions.
U.S. futures pointed to 0.4% and 0.5% falls for the S&P 500 and the Dow Jones Industrial Average, respectively, in moves that would roughly halve the gains both indexes made Monday following the news that the Trump and Xi administrations had brokered a deal to postpone tariffs planned to hit Beijing at the beginning of 2019. Regards, Ted
