FYI: Global stocks softened Monday ahead of economic figures and a policy statement from the Federal Reserve this week that could help investors to confirm or dispel recent fears of a global slowdown.
U.S. futures pointed to opening losses of 0.1% for both the Dow Jones Industrial Average and the S&P 500.
In individual equities, shares in Occidental Petroleum Corp. OXY -0.86% shed 2.3% in premarket trading, after Anadarko Petroleum Corp. APC 1.44% determined Occidental’s $38 billion offer could result in a proposal superior to Chevron ’s $33 billion bid. Target Corp. TGT -5.65% gained 3% after an upgrade from Barclays . Walt Disney Co. added 2% after “Avengers: Endgame” broke box-office opening-weekend records.
In Europe, the pan-continental Stoxx Europe 600 shed 0.3% in midmorning trading.
Spain’s IBEX 35 benchmark slid 0.7% after the general election on Sunday produced no clear winner. The center-left Socialists of Prime Minister Pedro Sánchez finished first, but will have to build an unwieldy coalition to form a governing majority. Mr. Sanchez signaled he would begin negotiations to form a pro-EU government. The euro gained less than 0.1% against the dollar at $1.1152.
In Asia, Hong Kong’s Hang Seng added 1%. Tokyo’s Nikkei was closed for a public holiday.
U.S. futures pointed to opening losses of 0.1% for both the Dow Jones Industrial Average and the S&P 500.
The WSJ Dollar index, which measures the greenback against a basket of 16 of its peers, added less than 0.1%. Yields on 10-year U.S. Treasurys edged down to 2.504%, from 2.506% on Friday. Yields move inversely to prices.
In commodities, Brent crude, the global oil benchmark, shed 0.3% to $71.93 a barrel. Gold slid 0.4% to $1,283.60 an ounce.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-inch-higher-to-start-the-week-11556524985Bloomberg:
https://www.bloomberg.com/news/articles/2019-04-28/asia-stocks-to-open-mixed-after-fresh-u-s-highs-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/stock-futures-slip-walt-disney-leads-dow-jones/CNBC:
https://www.cnbc.com/2019/04/29/stock-market-earnings-data-and-us-china-trade-talks.htmlU.K.:
https://uk.reuters.com/article/uk-britain-stocks/travel-groups-support-british-stocks-tui-easyjet-top-gainers-idUKKCN1S50IGEurope:
https://www.reuters.com/article/europe-stocks/update-1-spains-political-uncertainty-weak-eurozone-data-drags-european-shares-lower-idUSL5N22B1N6Asia:
https://www.marketwatch.com/story/asian-markets-mixed-after-surprising-us-gdp-report-2019-04-28/printBonds:
https://www.cnbc.com/2019/04/29/us-bonds-inflation-data-treasury-auctions-in-focus-on-wall-street.htmlCurrencies:
https://www.cnbc.com/2019/04/26/forex-market-us-gdp-data-dovish-central-banks-in-focus.htmlOil:
https://www.cnbc.com/2019/04/29/oil-market-trump-opec-output-us-iran-oil-sanctions-in-focus.htmlGold:
https://www.cnbc.com/2019/04/29/gold-market-dollar-moves-us-inflation-data-in-focus.htmlCurrent Futures:
https://finviz.com/futures.ashx
