The Breakfast Briefing: Asia & Europe: U.S. Markets Closed For MLK Day

Ted

FYI: Global stocks started the week under pressure after data showed that China’s economy grew at its slowest pace in nearly three decades last year, the latest sign that the world economy is decelerating.

The Stoxx Europe 600 fell 0.4% in early morning trade, dragged down by banks and utility companies. Asian markets finished mostly higher, though they trimmed gains after the Chinese data release.

U.S. markets are closed Monday for Martin Luther King Jr. Day. Futures for the S&P 500 were down 0.4%.

The world’s second-largest economy grew 6.6% in 2018, the slowest annual pace China has recorded since 1990, official data showed Monday. The economic downturn, which has been sharper than Beijing expected, deepened in the last months of 2018, with fourth-quarter growth rising 6.4% from a year earlier.

The Chinese figures come amid a bruising trade fight with the U.S. and, coupled with lackluster numbers for the American and European economies, paint a picture of a slowing global economy.
Regards,
Ted

WSJ:
https://www.wsj.com/articles/global-stocks-weaken-as-chinas-growth-slows-11548060008

Bloomberg:
https://www.bloomberg.com/news/articles/2019-01-20/asian-stocks-to-advance-as-global-rally-builds-markets-wrap?srnd=premium

IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-netflix-stock-microsoft-stock-salesforce-stock-visa-stock-adobe-stock-market-rally/

Reuters:


CNBC:

Europe:
https://www.reuters.com/article/us-europe-stocks/european-shares-stumble-after-weak-chinese-gdp-data-idUSKCN1PF0P6

Asia:
https://www.marketwatch.com/story/asian-markets-rise-despite-slower-economic-growth-in-china-2019-01-20/print

Bonds:
https://www.cnbc.com/2019/01/18/us-treasurys-bond-investors-monitor-trade-with-china-and-shutdown.html

Currencies:
https://www.cnbc.com/2019/01/21/forex-markets-dollar-china-economic-data-in-focus.html

Oil:
https://www.cnbc.com/2019/01/21/oil-markets-china-economy-opec-in-focus.html

Gold:
https://www.cnbc.com/2019/01/21/gold-markets-the-fed-in-focus.html

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

Ted

b

Old_Joe

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