The Breakfast Briefing: Market Rebound Stalls As Trade, Earnings Worries Linger

Ted

FYI: .Dow futures were 70 points lower, indicating a 95-point fall at the open, while S&P 500 and Nasdaq futures also pointed to declines.

.In terms of earnings, major corporates including Morgan Stanley, American Express and Netflix will report results today.

U.S. stock futures traded lower on Thursday amid a flurry of corporate results, worries over China's economy and Brexit uncertainty.

At around 04:55 a.m. ET, Dow futures were more than 80 points lower, indicating a 111-point fall at the open, while S&P 500 and Nasdaq futures also pointed to declines.

Overnight on Wall Street, stocks rose as investors cheered strong quarterly earnings from major banks like Goldman Sachs and Bank of America. In its latest report on the economy, the Federal Reserve said on Wednesday that labor markets have tightened across the country as businesses struggled to find workers at any skill level while wages grew moderately.
Regards,
Ted

WSJ:
https://www.wsj.com/articles/market-rebound-stalls-as-trade-earnings-worries-linger-11547715190

Bloomberg:
https://www.bloomberg.com/news/articles/2019-01-16/asia-stocks-set-to-rise-after-profits-buoy-s-p-500-markets-wrap

IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-veeva-stock-epam-stock-netflix-stock-market-rally/

Reuters:
https://www.reuters.com/article/us-global-markets/stocks-turn-red-pound-finds-some-peace-idUSKCN1PA34W?il=0

CNBC:
https://www.cnbc.com/2019/01/17/stock-market-morgan-stanley-and-netflix-earnings-china-and-brexit-in-focus.html

Europe:
https://www.ft.com/content/dafc9830-19fb-11e9-b93e-f4351a53f1c3

Asia:
https://www.marketwatch.com/story/asian-shares-rise-but-report-of-us-probe-into-huawei-mutes-gains-2019-01-16/print

Bonds:
https://www.cnbc.com/2019/01/16/bond-market-treasury-yields-rise-after-uk-pm-mays-brexit-vote-defeat.html

Currencies:
https://www.cnbc.com/2019/01/17/forex-markets-fed-moves-brexit-in-focus.html

Oil:
https://www.cnbc.com/2019/01/17/oil-markets-us-crude-production-opec-moves-in-focus.html

Gold:
https://www.cnbc.com/2019/01/17/gold-markets-fed-rate-hike-brexit-in-focus.html

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