FYI: (As of 3:00AM EDST)
U.S. stock futures pushed higher early Thursday, a day after the Dow Jones Industrial Average posted its worst one-day point loss of the year on growing fears of a global economic slowdown. Dow futures YMU19, +0.54% rose 166 points, or 0.7%, to 25,622, while S&P 500 futures ESU19, +0.60% gained 21.05 points, or 0.7%, to 2,861.50. Nasdaq-100 futures NQU19, +0.50% gained 53.50 points, or 0.7%, to 7,541.75. All three major indexes shed around 3% each on Wednesday. The 30-year bond yield (TICKER:BX:TMUBMUSD30Y) dropped under the 2% level for the first time early Thursday.
Global stocks began to stabilize a day after the Dow Jones Industrial Average posted its largest decline this year on growing fears of a recession.
However, the yield on the benchmark 10-year Treasury note extended its decline to 1.545% early Thursday after falling to as low as 1.574% Wednesday, the weakest since September 2016. Yields fall as prices rise.
Stocks in China rebounded from early declines. The Shanghai Composite rose 0.3%, while Hong Kong’s Hang Seng reversed early losses to gain 0.4%.
However, Australia’s S&P/ASX 200 dropped 2.9%, its biggest drop since February 2018. The country’s big four banks all fell, as Australian government bond yields hit a new low at 0.883%. Japan’s Nikkei 225 shed 1.3%.
The Stoxx Europe 600 opened up 0.1% and German DAX rose 0.2%, a day after Germany reported a contraction in the second quarter. Shares on both the Stoxx and DAX fell Wednesday, 1.7% and 2.2%, respectively.
In U.S. markets on Wednesday, the Dow industrials posted its biggest decline this year, after German and Chinese data rekindled concerns about a global economic slowdown, and long-term bond yields fell below shorter-term rates. That inversion of the yield curve sent a fresh warning about the risks of a coming recession.
Investors will look to fresh U.S. economic data for further indication about the strength of the economy. The Commerce Department will publish July retail sales data Thursday, after June saw the fourth consecutive uptick in American spending, a sign that consumers are a source of strength in the U.S. economy.
The Labor Department also will release second-quarter figures on productivity and costs, showing whether a recent increase will continue, and the Federal Reserve will give new figures on industrial production in July.
Regards,
Ted
MarketWatch:
https://www.marketwatch.com/story/us-stock-futures-point-to-rebound-for-battered-equities-2019-08-15/printWSJ:
https://www.wsj.com/articles/global-stocks-fall-on-recession-fears-11565843140Bloomberg
https://www.bloomberg.com/news/articles/2019-08-14/stock-rout-to-spread-to-asia-amid-economic-worries-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-inverted-yield-curve-slams-stock-market-rally-cisco-canopy-growth-pivotal-software-vmware/CNBC:
https://www.cnbc.com/2019/08/14/dow-futures-fall-50-points-at-open-as-sell-off-triggered-by-bond-recession-signal-drags-on.htmlU.K.
https://uk.reuters.com/article/uk-britain-stocks/recession-fears-hit-ftse-100-gvc-helps-mid-caps-rise-idUKKCN1V50MEEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-steady-after-steep-sell-off-idUSKCN1V50MMAsia:
https://www.marketwatch.com/story/asian-markets-retreat-on-global-recession-fears-2019-08-14/printBonds:
https://www.cnbc.com/2019/08/15/us-bonds-30-year-treasury-yield-falls-below-2percent-for-first-time-ever.htmlCurrencies:
https://www.cnbc.com/2019/08/15/forex-markets-us-treasury-yield-curve-in-focus.htmlOil:
https://www.cnbc.com/2019/08/15/oil-markets-global-economy-crude-inventories-in-focus.htmlGold:
https://www.cnbc.com/2019/08/15/gold-markets-us-bond-markets-global-economy-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
