The Breakfast Briefing: Dow Futures Point To A Modest Open Ahead Of Earnings

Ted

FYI: Global stocks were muted Monday after climbing last week, as trade tensions remained a pressure point amid weakening world economic growth.

In Europe, the pan-continental Stoxx Europe 600 was broadly flat after the opening bell. In Asia, Hong Kong’s Hang Seng was flat after rallying in earlier trading, while Japan’s Nikkei 225 jumped 1.3%.

U.S. futures pointed to flat openings for the Dow Jones Industrial Average and the S&P 500.

In its annual report on global fiscal policies, the IMF singled out Germany, Korea and Australia as countries that could do more to boost the slowing global economy, while central banks, including the U.S. Federal Reserve Bank and the European Central Bank, signaled continued dovishness.

Earnings will remain in focus this week, with big names like Goldman Sachs , Bank of America and Netflix all set to report numbers. But even strong earnings may do little to lift investor sentiment amid a slowing global economy.

Later on Monday, U.S. and Japanese delegations will meet in Washington to discuss trade arrangements. The move comes nearly seven months after both countries agreed to start bilateral trade talks.

The WSJ dollar index, which measures the greenback against a basket of 16 other peers, was 0.1% lower, while 10-year U.S. Treasury yields on Monday ticked up to 2.561% from 2.560% on Friday afternoon. Yields move inversely to prices.

In commodities, Brent crude, the global benchmark, slid 0.2% to $71.34 a barrel. Gold lost 0.4% to $1,289.80 an ounce.
Regards,
Ted

WSJ:
https://www.wsj.com/articles/global-stocks-pause-to-start-the-week-11555315308

Bloomberg:
https://www.bloomberg.com/news/articles/2019-04-14/asian-stocks-to-advance-after-earnings-lift-u-s-markets-wrap?srnd=premium

IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-apple-stock-market-rally-alibaba-stock-china-trade/

CNBC:
https://www.cnbc.com/2019/04/15/stock-market-earnings-in-focus-with-citigroup-and-goldman-reporting.html

U.K.:
https://uk.reuters.com/article/uk-britain-stocks/british-blue-chip-index-tugged-down-by-oil-shares-iwg-lifts-midcaps-idUKKCN1RR0MB

Europe:
https://www.reuters.com/article/europe-stocks/european-shares-subdued-after-u-s-china-trade-deal-hopes-idUSL5N21X1C7

Asia:
https://www.marketwatch.com/story/asian-markets-race-to-gains-on-renewed-trade-deal-hopes-2019-04-14/print

Bonds:
https://www.cnbc.com/2019/04/15/treasury-yields-mixed-ahead-of-auctions-data.html

Currencies:
https://www.cnbc.com/2019/04/12/forex-markets-us-data-commodity-currencies-in-focus.html

Oil:
https://www.cnbc.com/2019/04/15/oil-markets-supply-in-focus.html

Gold:
https://www.cnbc.com/2019/04/15/gold-markets-chinese-economic-data-in-focus.html

Current Futures:
https://finviz.com/futures.ashx