FYI: Global stocks ticked up Friday after a tumultuous week in markets, where investors had grappled with mixed news from U.S.-China trade talks, a breakdown in conversations on denuclearization in North Korea and a slew of new economic data.
In Europe, the Stoxx Europe 600 was up 0.5% in morning trading. Futures pointed to opening rebounds of 0.4% for both the Dow Jones Industrial Average and the S&P 500.
Asian stocks also gained, with the Shanghai Stock Exchange rising 1.8%, Hong Kong’s Hang Seng Index up 0.6% and Japan’s Nikkei up 1%.
Mainland Chinese stocks were helped by global index provider MSCI ’s decision to more than quadruple the nation’s weighting in its global benchmarks this year.
Meanwhile, the U.S. economy expanded at a 2.6% annual rate in the last quarter of 2018, new data showed Thursday, slowing from 3.4% in the previous three-month period.
The WSJ Dollar Index, which tracks the dollar against a basket of 16 currencies, was up 0.1% on Friday.
The 10-year U.S. Treasury edged up to 2.720%, from 2.711% on Thursday. Yields move inversely to prices.
Sterling was down 0.2% on the dollar and broadly flat against the euro Friday. The FTSE 100 index, which is dominated by large international businesses, gained 0.6% while the FTSE 250 was up 0.3%.
Elsewhere in commodities, global benchmark Brent crude oil was up 0.8% at $66.82 a barrel.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-move-higher-after-a-bumpy-week-11551431198Bloomberg:
https://www.bloomberg.com/news/articles/2019-02-28/asian-stocks-set-for-mixed-start-dollar-climbs-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-tesla-stock-tesla-model-3-workday-earnings-splunk-earnings/CNBC:
https://www.cnbc.com/2019/03/01/stock-market-dow-futuresin-focus-after-strong-economic-growth-data.htmlEurope:
https://www.marketwatch.com/story/european-indexes-positive-amid-renewed-trade-deal-hopes-wpp-gains-8-2019-03-01/printAsia:
https://www.marketwatch.com/story/asian-markets-rise-on-trade-deal-hopes-msci-expansion-2019-02-28/printBonds:
https://www.cnbc.com/2019/03/01/us-bonds-treasury-yields-move-higher-as-investors-await-economic-data.htmlCurrencies:
https://www.cnbc.com/2019/03/01/forex-markets-dollar-yen-us-gdp-in-focus.htmlOil:
https://www.cnbc.com/2019/03/01/oil-markets-opec-us-crude-exports-global-economy-in-focus.htmlGold:
https://www.cnbc.com/2019/03/01/gold-markets-us-economic-data-dollar-in-focus.htmlCurrent Futures:
https://finviz.com/futures.ashx
