FYI: U.S. stock index futures traded slightly lower Tuesday morning as investors monitor developments in trade relations between Washington and Beijing.
As of 2:26 a.m. ET, Dow futures were trading 80 points lower and pointed to an implied negative open of 24.83 points, while S&P 500 and Nasdaq futures both looked set to open marginally lower.
Comments from two of the world’s two largest economies on Monday suggested a potential rapprochement following escalation of trade tensions over the weekend.
European markets edged lower on weak economic data after Asian shares had jumped on optimism over trade negotiations between the U.S. and China.
The Stoxx Europe 600 fell 0.2%, with the U.K.’s FTSE 100 down 0.4% and the German DAX down 0.3%.
Germany on Tuesday confirmed its growth estimate for the second quarter showing its economy shrank. Output from Europe’s biggest national economy slipped 0.1% between April and June.
Asian markets rose after President Trump said China might resume trade talks with the U.S. This followed late gains on Wall Street Monday. The Shanghai Composite was up 1.5% and Japan’s Nikkei climbed 1%.
Hong Kong’s Hang Sang was the outlier in Asia, dipping 0.3% amid ongoing political uncertainty about its future relations with China, as protests have continued for three months in the city.
In currencies, the Japanese yen, a traditional haven, rose 0.5%, with a dollar buying ¥105.6490. The WSJ Dollar Index, which measures the currency against a basket of its peers, fell 0.1%.
In commodities, global benchmark Brent crude rose 0.5% to $58.97 a barrel, while gold rose 0.4%
The yield on 10-year U.S. Treasurys slipped to 1.509%, from 1.545% on Monday, while 2-year Treasury yields were at 1.522%. from 1.558%. That means the spread between the two maturities remained inverted, an situation that has often preceded recessions.
Regards,
Ted
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WSJ:
https://www.wsj.com/articles/global-stocks-seesaw-on-trade-hopes-weak-economic-data-11566893279Bloomberg
https://www.bloomberg.com/news/articles/2019-08-26/asia-stocks-seen-higher-as-trade-mood-swings-again-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-amd-apple-stock-market-rally-regain-china-trade-war-jnj-stock-opioid/CNBC:
https://www.cnbc.com/2019/08/27/us-stocks-investors-monitor-us-china-trade-developments.htmlU.K.
https://uk.reuters.com/article/uk-britain-stocks/banks-lead-britains-ftse-100-lower-iwg-shines-idUKKCN1VH0N4Europe:
https://www.reuters.com/article/us-europe-stocks/london-leads-european-markets-lower-as-investors-play-waiting-game-idUSKCN1VH0MXAsia:
https://www.marketwatch.com/story/asian-markets-mostly-rise-on-cautious-optimism-over-trade-war-2019-08-26/printBonds:
https://www.cnbc.com/2019/08/27/us-treasurys-investors-monitor-trade-developments.htmlCurrencies:
https://www.cnbc.com/2019/08/26/forex-markets-us-china-trade-war-in-focus.htmlOil:
https://www.cnbc.com/2019/08/27/oil-markets-us-china-trade-in-focus.htmlGold:
https://www.cnbc.com/2019/08/27/gold-markets-us-china-trade-war-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
