FYI: U.S. stock index futures turned positive Thursday morning, after China said it wished to resolve its protracted trade dispute with the world’s largest economy with a “calm” attitude.
At around 04:00 a.m. ET, Dow futures rose 184 points, indicating a positive open of more than 197 points. Futures on the S&P and Nasdaq were both slightly higher, reversing earlier losses.
When asked about its ongoing trade war with the U.S., China’s commerce ministry reportedly said Thursday that it was opposed to escalating trade tensions.
• European stocks climb
• Treasury yields rise
• Asian markets waver
European stocks pushed higher following modest losses Asia, amid renewed hopes for progress in the trade dispute between the U.S. and China.
The Stoxx Europe 600 opened up 0.6%, with the U.K.’s FTSE 100 up 0.7% and the German DAX up 0.8%.
China’s Commerce Ministry on Thursday said the U.S. needed to create the necessary conditions for trade negotiations to proceed, while noting that the countries remained in communication over possible talks in September.
The Shanghai Composite was down 0.1% and Japan’s Nikkei dipped 0.1%.
The Italian 10-year yield rose to 1.013% Thursday after falling below 1% for the first time on Wednesday. The fall came on the prospect of a market-friendly government forming between the antiestablishment 5 Star Movement and the mainstream Democratic Party. The coalition was announced soon after.
The yield on the 10-year U.S. Treasury climbed to 1.482% on Thursday from 1.469% on Wednesday, and the two-year Treasury yield edged up to 1.508% from 1.504% Wednesday afternoon.
The pound was down 0.2% against the U.S. dollar and the euro a day after U.K. Prime Minister Boris Johnson moved to suspend Parliament, a tactic aimed at stopping opposition lawmakers from blocking an abrupt break with the European Union.
Germany will release a gauge of inflation later Thursday, and figures for the second revision of U.S.’s second-quarter annualized gross domestic product will follow.
In commodities, gold prices rose 0.5% and Brent crude oil fell 0.4% to $59.71 a barrel.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/stocks-rise-on-hopes-for-trade-talks-11567066112Bloomberg
https://www.bloomberg.com/news/articles/2019-08-28/asian-stocks-set-for-muted-open-dollar-gains-markets-wrapIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-stock-market-rally-in-china-trade-war-hurricane-okta-ollies/CNBC:
https://www.cnbc.com/2019/08/29/stock-market-wall-street-in-focus-amid-recession-fears.htmlU.K.
https://uk.reuters.com/article/uk-britain-stocks-poll/halloween-brexit-will-continue-to-spook-uk-stocks-into-next-year-reuters-poll-idUKKCN1VJ0AKEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-slip-on-recession-brexit-worries-idUSKCN1VJ0N9Asia:
https://www.marketwatch.com/story/asian-markets-dip-as-worries-weigh-in-investors-2019-08-28/printBonds:
https://www.cnbc.com/2019/08/29/bonds-treasury-yields-off-record-lows.htmlCurrencies:
https://www.cnbc.com/2019/08/29/forex-markets-japanese-yen-brexit-in-focus.htmlOil:
https://www.cnbc.com/2019/08/29/oil-markets-us-crude-inventories-in-focus.htmlGold:
https://www.cnbc.com/2019/08/29/gold-markets-global-economy-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
