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The Breakfast Briefing: U.S. Futures Slightly Lower As Market Volatility Continues
FYI: Global stocks wavered Tuesday, as investors awaited developments in trade negotiations between Washington and Beijing that kicked off with a phone call between key negotiators.
The Stoxx Europe 600 was up 0.9% in early trading, clawing back some of the early-week losses that dragged the index to a fresh two-year low Monday after U.K. Prime Minister Theresa Maypostponed a crucial vote on the Brexit bill.
The British pound had last recovered 0.1% versus the U.S. dollar, but remained close to the 18-month low it hit Monday. The yield on 10-year British government bonds was 1.225%, having partially recovered after falling to 1.151% late Monday. Yields go up when prices go down.
U.S. futures put both the S&P 500 and the Dow Jones Industrial Average on course to tick down 0.2% at the New York open. Regards, Ted
