FYI: U.S. futures put the S&P 500, the Dow Jones Industrial Average and the Nasdaq-100 on course to open 0.2% higher. The S&P 500 on Monday closed at its highest level since early October.
Global stocks mostly edged up on Tuesday as investors awaited key central bank meetings later in the week.
The Stoxx Europe 600 rose 0.4% in early trading. Gains for basic resources stocks slightly outweighed a downtick in the index’s banking basket, with Antofagasta shares up 2.5% after the mining company reported its earnings. French telecommunications company Iliad slid 6.4% after its own release.
Calm trading in Europe followed similar moves in Asia, where Japan’s Nikkei 225 slipped 0.1% and Hong Kong’s Hang Seng gained 0.2%.
Emerging-market traders were awaiting further developments in U.S.-China trade talks, with reports over the weekend suggesting that a summit between President Trump and China’s President Xi proposed for March may be pushed back to June.
The WSJ Dollar Index was down 0.1%, extending its five-day losses to 0.5% partly thanks to expectations the Fed will leave rates unchanged. The yield on 10-year U.S. Treasurys edged down to 2.592% from 2.605%. Yields fall as prices rise.
In commodities, Brent crude futures climbed 0.3% to $67.72 a barrel, closing at a four-month high Monday, after OPEC and its allies recommitted to production cuts until the end of June.
Other commodities also rose, with copper futures up 0.8% at $6,485 a metric ton.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/stocks-extend-gains-ahead-of-key-central-bank-decisions-11552986279Bloomberg:
https://www.bloomberg.com/news/articles/2019-03-18/asian-stocks-set-for-muted-start-dollar-slips-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-apple-microsoft-amazon-stock-market-rally-stoneco-stock-tilray/CNBC:
https://www.cnbc.com/2019/03/19/stock-market-wall-street-investors-focus-on-federal-reserve-meeting.htmlU.K.:
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-extends-rally-as-oil-majors-gain-ocado-hits-life-high-idUKKCN1R00U8Europe:
https://www.reuters.com/article/europe-stocks/european-stocks-flatten-out-eyes-on-brexit-fed-idUSL3N2161XPAsia:
https://www.marketwatch.com/story/asian-markets-muted-awaiting-upcoming-fed-meeting-2019-03-18/printBonds:
https://www.cnbc.com/2019/03/18/us-bonds-treasury-yields-move-higher-ahead-of-a-fed-meeting.htmlCurrencies:
https://www.cnbc.com/2019/03/18/forex-market-dollar-brexit-vote-the-fed-in-focus.htmlOil:
https://www.cnbc.com/2019/03/18/oil-market-opec-supply-cuts-us-sanctions-in-focus.htmlGold:
https://www.cnbc.com/2019/03/18/gold-market-federal-reserve-brexit-vote-in-focus.htmlCurrent Futures:
https://finviz.com/futures.ashx
