FYI: European stocks climbed on Tuesday after a downbeat session in Asia, as investors awaited a resolution to the U.S.-China trade negotiations following the recent escalation in tensions.
The Stoxx Europe 600 was up 0.4% in morning trading. Germany’s DAX rose 0.3% and the U.K. FTSE 100 gained around 0.6%.
In Asia, Hong Kong’s Hang Seng Index dropped 1.5%, Japan’s Nikkei fell 0.6% and Korea’s Kospi gained 0.1%,
U.S. futures pointed to opening gains of 0.5% for both the S&P 500 and the Dow Jones Industrial Average, after the two indexes on Monday each shed 2.4%, their steepest one-day losses since Jan. 3.
Telecommunications firms led gains in Europe. Vodafone Group VOD -8.51% shares rose 2.4% after the company issued an optimistic outlook, offsetting weak earnings. Industrial stocks were also trading higher even after statistics showed eurozone industrial production fell for the second straight month in March, casting doubt on the sustainability of the economy’s first-quarter pickup.
Germany’s Bayer AG was among Europe’s biggest losers, trading 2.7% lower after a California jury awarded $2.06 billion to a couple who blamed the company’s Roundup weedkiller for causing their cancer.
The yield on 10-year U.S. Treasurys on Tuesday edged up to 2.413%, from 2.405% on Monday. Yields move inversely to prices. German 10-year government bonds were still in negative territory at -0.063%.
The WSJ Dollar Index, which tracks the dollar against a basket of 16 currencies, was flat.
In commodities, global benchmark Brent crude oil was up 0.2% on Tuesday morning at $70.35 a barrel. Gold was down 0.2% at $1,298.80 an ounce.
Corrections & Amplifications
Germany’s DAX rose 0.5%. An earlier version of this article incorrectly stated it rose 5%. German 10-year government bonds were still in negative territory at -0.060%. An earlier version of this article incorrectly stated it was at -0.6%. (May 14, 2019)
Regards,
Ted
MarketWatch:
https://www.marketwatch.com/story/us-stock-futures-point-to-bounce-on-heels-of-trade-related-selloff-2019-05-14/printWSJ:
https://www.wsj.com/articles/global-selloff-pauses-as-european-stocks-post-gains-11557820118Bloomberg:
https://www.bloomberg.com/news/articles/2019-05-13/stocks-sell-off-to-hit-asia-as-china-strikes-back-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-china-trade-war-us-tariff-plan/Reuters:
https://www.reuters.com/article/us-global-markets/world-stocks-hover-near-two-month-low-investor-fears-over-u-s-china-trade-war-ease-idUSKCN1SK02QCNBC:
https://www.cnbc.com/2019/05/13/us-stocks-react-to-china-trump-trade-tensions.htmlU.K.:
https://uk.reuters.com/article/uk-britain-stocks/british-shares-rebound-as-trade-sentiment-tempers-greggs-on-a-roll-idUKKCN1SK0QAEurope:
https://www.reuters.com/article/europe-stocks/update-1-european-shares-rebound-from-2-month-lows-after-trade-sell-off-idUSL5N22Q28VAsia:
https://www.marketwatch.com/story/asia-stocks-sink-at-tuesdays-open-but-quickly-bounce-off-lows-as-us-china-tiff-unsettles-markets-2019-05-13/printBonds:
https://www.cnbc.com/2019/05/13/us-bonds-us-china-trade-tensions-remain-in-focus.htmlCurrencies:
https://www.cnbc.com/2019/05/14/forex-market-china-tariffs-us-china-tensions-in-focus.htmlOil:
https://www.cnbc.com/2019/05/14/oil-market-us-china-trade-tensions-chinese-tariffs-in-focus.htmlGold:
https://www.cnbc.com/2019/05/14/gold-market-china-tariffs-us-china-trade-tensions-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
