FYI: U.S. stock index futures pointed to a higher open again Wednesday morning, after ending a lengthy winning streak following President Donald Trump’s skeptical comments on the ongoing U.S.-China trade war.
At around 4.35 a.m. ET, Dow futures were up by around 36 points and indicated a positive open of more than 37 points. The S&P 500 and Nasdaq were also seen moving higher.
Asian stocks mostly weakened Wednesday after President Trump’s comments in a White House cabinet meeting signaled enduring tensions with China over trade and technology.
The South Korean Kospi fell the most, by 0.9%, as its own trade dispute continued with Japan.
In Europe, the Stoxx Europe 600 switched between small losses and gains ahead of another day of major U.S. earnings. Bank of America, Netflix, eBay and Alcoa are due to report results later in the day.
The yield on 10-year Treasurys fell to 2.094% Wednesday from 2.124% Tuesday. Yields fall when bond prices rise.
The British pound slipped a further 0.1% against the dollar Wednesday, extending several days of weakness, as U.K. leadership candidates Boris Johnson and Jeremy Hunt hardened their Brexit stances. The WSJ Dollar Index, which measures the currency against a basket of peers, edged up by 0.1%.
Global oil benchmark Brent crude rose by 0.4% to $64.63 a barrel. Gold was down by 0.3%.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-wobble-as-earnings-season-gets-underway-11563350325Bloomberg
https://www.bloomberg.com/news/articles/2019-07-16/stocks-in-asia-to-slip-as-trump-threatens-on-trade-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-stock-market-rally-stalls-apple-facebook-united-airlines-csx-active-late/CNBC:
https://www.cnbc.com/2019/07/17/us-stocks-set-for-a-mixed-open-after-trumps-trade-comments-dent-historic-rally.htmlReuters:
https://www.reuters.com/article/us-usa-fed-evans-rates/as-fed-nears-rate-cut-policymakers-debate-how-deep-and-even-if-idUSKCN1UB2LTU.K.
https://uk.reuters.com/article/uk-britain-stocks/oil-majors-drag-ftse-lower-galliford-leads-mid-cap-gains-idUKKCN1UC0PTEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-flat-weak-oil-majors-offset-gains-in-chipmaker-asml-idUSKCN1UC0Q4Asia:
https://www.marketwatch.com/story/asian-markets-pull-back-as-trade-tensions-resurface-2019-07-16/printBonds:
https://www.cnbc.com/2019/07/17/us-treasury-yields-tick-lower-amid-renewed-trade-concerns.htmlCurrencies:
https://www.cnbc.com/2019/07/17/forex-markets-dollar-us-retail-sales-data-in-focus.htmlOil:
https://www.cnbc.com/2019/07/17/oil-markets-us-iran-relations-in-focus.htmlGold:
https://www.cnbc.com/2019/07/17/gold-markets-us-retail-sales-data-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashxQ
