FYI: U.S. stock index futures were slightly lower Tuesday morning, after losses in the previous session fueled concerns about the state of the economy.
At around 03:05 a.m. ET, Dow futures dipped 52 points, indicating a negative open of more than 56 points. Futures on the S&P and Nasdaq were both slightly lower.
Market focus is largely attuned to selling in regional markets, after protests in Hong Kong and a crash in the Argentine peso drove investors to perceived ‘safe haven’ assets like bonds, gold and the Japanese yen.
Stocks dropped across the world as protests in Hong Kong, a political shake-up in Argentina and global trade tensions put investors on the back foot.
This week’s selloff in Hong Kong stocks accelerated, with the Hang Seng Index falling 2% Tuesday amid continued unrest. The gauge—which has lost 11% since the beginning of July, when the protests turned more violent—joined Korea’s Kospi as the second major world benchmark in negative territory this year.
Separately, Cathay Pacific CPCAY -5.56% shares fell another 3% after declining 4.9% on Monday, their steepest drop in three years. They slid after the Hong Kong airline threatened to fire staff for supporting the protests.
In Europe, the benchmark Europe Stoxx 600 index declined 0.4%, led lower by banks and auto companies. German consumer-goods company Henkel was among the worst performers, dropping 4.9% after it cut its full-year growth forecast.
The Argentine peso, which fell more than 30% briefly Monday amid political upheaval in the Latin American country, was largely flat against the U.S. dollar.
Gold, a traditional haven commodity, rose 1%, while the yields on U.S. 10-year Treasurys dipped to as low as 1.62% from Monday’s 1.64%. Yields fall as bond prices climb.
Later in the day, investors will pay close attention to the Labor Department’s July consumer-price index for signs of strengthening inflation, to gauge what impact it may have on the Federal Reserve’s interest-rate decisions. In the previous month, core prices rose 0.1%
Regards,
Ted
WSJ:
https://www.wsj.com/articles/stocks-fall-amid-unrest-in-hong-kong-11565684791Bloomberg
https://www.bloomberg.com/news/articles/2019-08-12/stocks-slide-to-extend-to-asia-as-treasuries-rally-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-roku-stock-market-correction-amd-stock-twitter-stock-mercadolibre/CNBC:
https://www.cnbc.com/2019/08/13/stock-market-us-futures-point-to-a-slightly-lower-open.htmlU.K.
https://uk.reuters.com/article/uk-britain-stocks/uk-shares-in-the-red-as-risk-aversion-prevails-idUKKCN1V30IJEurope:
https://www.reuters.com/article/us-europe-stocks/host-of-global-worries-drive-european-shares-lower-idUSKCN1V30IFAsia:
https://www.marketwatch.com/story/asian-markets-fall-as-hong-kong-tensions-remain-high-2019-08-12/printBonds:
https://www.cnbc.com/2019/08/13/us-bonds-yield-curve-at-flattest-level-since-2007-amid-risk-off-sentiment.htmlCurrencies:
https://www.cnbc.com/2019/08/13/forex-markets-japanese-yen-hong-kong-argentina-in-focus.htmlOil:
https://www.cnbc.com/2019/08/13/oil-markets-global-economy-in-focus.htmlGold:
https://www.cnbc.com/2019/08/13/gold-markets-us-china-trade-war-hong-kong-argentina-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
