FYI: U.S. stocks were priced to open lower in futures markets on Wednesday following European indexes down despite the strong close Tuesday when President Trump suggested a U.S.-China trade deal could still be in the cards.
The S&P 500 and the Dow Jones Industrial Average were both set to open about 0.3% lower, after the Stoxx Europe 600 slipped 0.4% in morning trade and the FTSE 100 slid 0.1%.
Germany’s DAX was also down 0.1%, despite data showing the country’s economy rebounded in the first quarter, when it expanded 0.4%.
The European stumble followed a much stronger performance in Asian stocks despite even Chinese economic data that showed industrial production, retail sales and fixed-asset investment all slowed in April.
Shares in Shanghai were nearly 2% higher, Hong Kong’s Hang Seng Index was up 1% and Japan’s Nikkei gained 0.6%.
In the U.S. futures pointed to a fractionally lower open on Wall Street, with the S&P 500 and the Dow Jones Industrial Average both down less than 0.1%.
The WSJ Dollar Index, which measures the dollar against a basket of currencies, was flat.
The yield on 10-year U.S. Treasurys dipped to 2.381%, from 2.421% on Tuesday. German 10-year bund yields dropped to their lowest level since the end of September 2016, hitting -0.110%, from -0.074% on Tuesday.
In commodities, oil was unruffled by apparent security fears in the Middle East that led the U.S. State Department to tell all nonemergency staff to leave Iraq. Brent crude oil, the global benchmark, was down 0.4% at $70.93 a barrel.
The WSJ Dollar Index, which measures the dollar against a basket of currencies, was up 0.04%. Gold was up 0.2% at $1,298.90 an ounce.
Regards,
Ted
MarketWatch:
https://www.marketwatch.com/story/stock-futures-edge-lower-ahead-of-retail-sales-data-trade-worries-linger-2019-05-15/printWSJ:
https://www.wsj.com/articles/global-stocks-pause-on-mixed-economic-data-11557906881Bloomberg:
https://www.bloomberg.com/news/articles/2019-05-14/asia-stocks-set-to-climb-after-u-s-rebound-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-alibaba-earnings-china-trade-war/Reuters:
https://www.reuters.com/article/us-usa-stocks/futures-dip-after-china-data-shows-slowing-retail-sales-idUSKCN1SL1AS?il=0CNBC:
https://www.cnbc.com/2019/05/15/stock-market-trade-war-fears-subside.htmlU.K.:
https://uk.reuters.com/article/uk-britain-stocks/uk-stocks-gain-as-trade-tensions-ease-earnings-dictate-tempo-idUKKCN1SL0QEEurope:
https://www.reuters.com/article/europe-stocks/european-shares-fall-amid-disappointing-bank-earnings-idUSL4N22R27CAsia:
https://www.marketwatch.com/story/asian-markets-mostly-rise-following-wall-streets-lead-2019-05-14/printBonds:
https://www.cnbc.com/2019/05/15/us-bonds-economic-data.htmlCurrencies:
https://www.cnbc.com/2019/05/15/forex-market-us-china-trade-talks-european-data-in-focus.htmlOil:
https://www.cnbc.com/2019/05/15/oil-market-us-crude-stockpiles-middle-east-tensions-in-focus.htmlGold:
https://www.cnbc.com/2019/05/15/gold-market-us-china-trade-talks-european-data-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
