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The Breakfast Briefing: U.S. Stock Index Futures Fall As China Trade Talks Disappoint
FYI: Global stocks dipped Thursday, ending the New Year rally as optimism over a possible easing in U.S.-China trade tensions faded and concerns around growth of the world economy returned.
The Stoxx Europe 600 was down 0.7% in morning trading, with all of the regional indexes moving lower. Most Asian markets also posted losses, with China’s Shanghai Composite down 0.4% and Japan’s Nikkei down 1.3%, though Hong Kong’s Hang Seng Index edged up 0.2%.
Futures pointed to opening losses of 0.8% for the S&P 500 and 0.7% for the Dow Jones Industrial Average.
Equity markets have rallied in 2019 with the Stoxx Europe 600 still up 3.4% over the past week and the S&P 500 up 3%, following a volatile holiday period.
The mood turned sunnier this year as trade negotiators from Washington arrived in Beijing for the first face-to-face talks since a 90-day truce was called late last year. Analysts had been hopeful some concessions would be announced, as escalating tariffs have weighed on the world’s two largest economies and global equity markets. Regards, Ted
