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The Breakfast Briefing: Global Stocks Slip Ahead Of ECB Update
FYI: Global stocks edged lower Thursday as markets awaited news on the U.S.-China trade talks and the European Central Bank’s policy statement.
The Stoxx Europe 600 fell 0.3% in early trading, putting it on course for a second consecutive day of losses after snapping a four-session winning streak Wednesday. Sectors exposed to trade including basic-resources and autos led losses as U.S. and Chinese negotiators continued work on a trade deal.
Downbeat trading in Europe followed a mostly negative session in Asia, with Japan’s Nikkei 225 index down 0.7% and Hong Kong’s Hang Seng benchmark falling 0.9%.
Chinese indexes were among the few Asian benchmarks to edge higher. The Wall Street Journal reported Sunday that negotiators were putting the finishing touches to a U.S.-China trade deal, although little new information has since emerged.
In the U.S., futures put indexes on course for their fourth consecutive day of declines. The S&P 500 and the Nasdaq-100 were on course to slip 0.3% at the open, with the Dow Jones Industrial Average set to fall 0.4%. Still the Dow and the S&P both remained more than 10% up from their level on Jan. 1.
The dollar and the yield on 10-year U.S. Treasurys were largely unchanged from their late-Wednesday levels. Regards, Ted
