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The Breakfast Briefing: U.S.-China Trade Hopes & Government Shutdown Deal Give Stocks A Lift
FYI: Global stocks ticked up Tuesday on hopes that trade tensions between the U.S. and China will cool as negotiators meet this week in Beijing.
In Europe, the Stoxx Europe 600 was up 0.6%. Asian markets were also higher, led by Japan’s Nikkei, which gained 2.6%. Hong Kong’s Hang Seng Index gained 0.1% and the Shanghai Stock Exchange was up 0.7%.
Futures pointed to a 0.6% opening gain for both the S&P 500 and the Dow Jones Industrial Average. Moves in futures don’t necessarily reflect market moves after the opening bell.
Investor sentiment was buoyed by an agreement in principle among U.S. lawmakers late Monday, which would avoid another partial government shutdown later this week. The deal would provide $1.38 billion of funding for 55 miles of modern physical barriers along the border with Mexico, below President Trump’s initial demands. Regards, Ted
