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The Breakfast Briefing: Global Stocks Pause After Recent Climb

FYI: Global stocks paused after a recent run of gains Thursday, a day after minutes from the Federal Reserve’s meeting signaled uncertainty about the strength of the economy and officials took a wait-and-see attitude to future interest-rate increases.

In Europe, the pan-continental Stoxx Europe 600 fell 0.1% in opening trade, dragged down by a 1% fall in its basic-resources sector. The U.K.’s FTSE 100 notched the region’s sharpest decline, falling 0.5%, with energy provider Centrica slumping 11% after it reported earnings.

In the U.S., futures put major indexes on course for opening gains, with the Dow Jones Industrial Average, S&P 500 and Nasdaq-100 all up 0.3%.

Investors there were watching for earnings from Bunge Ltd. , Kraft Heinz Co. , Caesars Entertainment Corp. and Baidu.

The WSJ Dollar Index, which measures the dollar against a basket of 16 currencies, was up 0.1%. The yield on 10-year U.S. Treasurys rose to 2.664% from 2.652% on Wednesday. Yields and prices move in opposite directions
Regards,
Ted

WSJ:
https://www.wsj.com/articles/global-stocks-pause-for-breath-after-recent-climb-11550741213

Bloomberg:
https://www.bloomberg.com/news/articles/2019-02-20/asia-stocks-head-for-muted-start-yuan-advances-markets-wrap?srnd=premium

IBD:
https://www.cnbc.com/2019/02/21/stock-market-us-china-trade-fed-minutes-and-economic-data-in-focus.html

Reuters:
https://www.reuters.com/article/us-global-markets/global-shares-retain-gains-aussie-whacked-by-rates-and-coal-woes-idUSKCN1QA04F

CNBC:

Europe:
https://www.cnbc.com/2019/02/21/europe-markets-us-china-trade-talks-earnings-and-economic-data-in-focus.html

Asia:
https://www.marketwatch.com/story/asian-stocks-rise-after-report-of-outline-to-end-us-china-trade-war-2019-02-20/print

Bonds:
https://www.cnbc.com/2019/02/21/bond-market-treasury-yields-eye-us-china-trade-talks.html

Currencies:
https://www.cnbc.com/2019/02/21/forex-markets-dollar-fed-minutes-trade-in-focus.html

Oil:
https://www.cnbc.com/2019/02/21/oil-markets-opec-cuts-global-economy-in-focus.html

Gold:
https://www.cnbc.com/2019/02/21/gold-markets-dollar-federal-reserve-meeting-minutes-in-focus.html

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

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