FYI: U.S. stock index futures traded mixed on Monday morning with investors still digesting weak jobs data from the previous session.
At 3:00 a.m. ET, Dow futures were down about 84 points, pointing to a lower open of more than 30 points. Futures for S&P 500 and Nasdaq were trading slightly higher.
Stocks gained across Europe and Asia and futures for the benchmark U.S. gauge advanced as equity markets sought to shake off the worst week of the year. The dollar nudged higher.
Oil and gas companies led the Stoxx Europe 600 Index’s first advance in four sessions, with contracts on the S&P 500 and Nasdaq also pointing higher. Futures on the Dow looked likely to slip at the open after the Sunday crash of Boeing Co.’s 737 Max, operated by Ethiopian Airlines, with the U.S. manufacturer the biggest component of the gauge. China reportedly moved to ground flights involving the model with its domestic airlines as the crash rattled confidence.
In Asia, Chinese shares outperformed, paring some of Friday’s losses with stocks in Japan, Hong Kong. The pound trimmed earlier losses as another key Brexit vote looms in parliament on Prime Minister Theresa May’s revised deal. Treasuries declined along with most European bonds.
Elsewhere, oil prices climbed ahead of the release this week of the IEA’s Oil 2019 report and OPEC’s monthly market report. The Turkish lira shrugged off lower-than-expected growth.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-rise-to-start-the-week-11552294679MarketWatch:
https://www.marketwatch.com/story/dow-futures-tumble-160-points-as-boeing-drops-in-premarket-after-deadly-ethiopia-plane-crash-2019-03-11/printBloomberg:
https://www.bloomberg.com/news/articles/2019-03-10/stocks-face-mixed-start-after-2019-s-worst-week-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-current-stock-market-rally-boeing-stock-nvidia-mellanox-deal-intel/CNBC:
https://www.cnbc.com/2019/03/11/stock-market-futures-mixed-amid-growing-concerns-over-global-growth.htmlEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-bounce-back-helped-by-bank-merger-talk-idUSKBN1QS0WEAsia:
https://www.forbes.com/sites/michaelfoster/2019/03/06/these-3-gold-funds-have-slashed-dividends-and-it-will-get-worse/?ss=etfs-mutualfunds#49b733df2177Bonds:
https://www.cnbc.com/2019/03/11/us-treasury-yields-move-higher-after-powell-comments.htmlCurrencies:
https://www.cnbc.com/2019/03/11/forex-market-dollar-moves-brexit-in-focus.htmlOil:
https://www.cnbc.com/2019/03/11/oil-markets-opec-supply-cuts-us-drilling-activity-in-focus.htmlGold:
https://www.cnbc.com/2019/03/11/gold-markets-dollar-moves-growth-outlook-in-focus.htmlCurrent Futures:
https://finviz.com/futures.ashx
