FYI: Global equity markets rose Tuesday, led by gains in China after Beijing announced fresh stimulus measures to support the world’s second-largest economy.
Futures pointed to opening rises on Wall Street of 0.3% for both the Dow Jones Industrial Average and the S&P 500.
In Europe, the Stoxx Europe 600 was up 0.6% in morning trading. In Asia, the Shanghai Stock Exchange gained 2.6%, Hong Kong’s Hang Seng Index was up 0.8% and Japan’s Nikkei was up 0.3%.
In a statement with other government agencies, the People’s Bank of China said it would support special-purpose bond issuances from local governments, most of which fund infrastructure investment. The move came as trade tensions with the U.S. have dragged on the country’s economy.
Yields on government bonds, from the U.S. to the periphery of the eurozone, have tanked in recent sessions as growing concerns about global growth have sent investors into haven assets.
The 10-year U.S. Treasury yield edged up Tuesday to 2.154%, from 2.143% Monday. Yields move inversely to prices.
Kate Nixon, chief investment officer at Northern Trust Wealth Management, said improvements in U.S. trade relations and the outlook for monetary policy in the country are interrelated issues that could provide a boost to markets.
“Weak data on growth, inflation and employment for a data-dependent Fed is some pretty good air cover against concerns that the Fed is being unduly influenced by President Trump, ” she said in a recent note. “At the same time, the market rally and lower rates may embolden the president to continue to double down on the trade front, which would continue to compromise U.S. growth and, more importantly for investors, corporate profitability.”
The WSJ Dollar Index, which tracks the dollar against a basket of 16 currencies, was down 0.1%.
In commodities, global benchmark Brent crude oil was up 0.6% at $62.64 a barrel.
Regards,
Ted
Market Watch:
https://www.marketwatch.com/story/stock-index-futures-point-to-positive-start-as-china-moves-to-bolster-economy-2019-06-11/printWSJ:
https://www.wsj.com/articles/global-stocks-rise-as-china-plans-new-stimulus-measures-11560239747Bloomberg:
https://www.bloomberg.com/news/articles/2019-06-10/asian-stocks-seen-mixed-sovereign-bonds-fall-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-apple-stock-market-rally-amazon-stock/Reuters:
https://www.reuters.com/article/us-usa-stocks/u-s-stock-futures-gain-on-china-stimulus-tariff-relief-idUSKCN1TC1G4CNBC:
https://www.cnbc.com/2019/06/11/dow-futures-slightly-higher-despite-trumps-warning-on-china-tariffs.htmlU.K.
https://uk.reuters.com/article/uk-britain-stocks/miners-lift-ftse-100-ted-baker-slumps-idUKKCN1TC0OXEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-up-on-china-stimulus-post-holiday-surge-for-frankfurt-idUSKCN1TC0NKAsia:
https://www.marketwatch.com/story/asian-markets-gain-despite-fresh-tariff-threats-from-trump-2019-06-10/printBonds:
https://www.cnbc.com/2019/06/11/us-treasury-yields-tick-higher-as-investors-await-data-auctions.htmlCurrencies:
https://www.cnbc.com/2019/06/11/forex-market-us-china-trade-war-trump-tariff-threats-in-focus.htmlOil:
https://www.cnbc.com/2019/06/11/oil-market-opec-supply-cuts-economic-slowdown-in-focus.htmlGold:
https://www.cnbc.com/2019/06/11/gold-market-us-china-trade-war-us-mexico-deal-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
