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The Breakfast Briefing: Dow Futures Point To A Lower Open As Investors Monitor US-China Trade Deal
FYI: Global stocks were mixed on Wednesday ahead of new U.S. trade data, which could provide clues on the impact of the U.S.-China trade dispute and the sustainability of growth in the world’s largest economy.
In Europe, the Stoxx Europe 600 was down 0.1% in morning trading. Futures pointed to small opening drops in the U.S. of 0.2% for both the Dow Jones Industrial Average and the S&P 500.
In Asia, Chinese stocks led markets higher on hopes for new stimulus measures. The Shanghai Stock Exchange was up 1.6%, Hong Kong’s Hang Seng Index gained 0.3% and Japan’s Nikkei was down 0.6%.
The WSJ Dollar Index, which tracks the dollar against a basket of 16 currencies, was up 0.1% on Wednesday.
The 10-year U.S. Treasury edged down to 2.706%, from 2.722% on Tuesday. Yields move inversely to prices. Regards, Ted
