FYI: U.S. stocks were set to open slightly lower Wednesday morning.
At around 1:44 a.m. ET, Dow futures fell 18 points, indicating a negative open of more than 16 points. Futures on the S&P and Nasdaq were also marginally lower.
The Dow rose slightly on Tuesday as traders awaited a decision from the U.S. Federal Reserve.
Treasury yields tick lower
• Gold prices edge down
• Japan’s exports drop
Global stocks paused ahead of an interest-rate decision from the Federal Reserve, amid political tensions and a volatile week for oil prices.
The Stoxx Europe 600 edged up 0.1% in morning trading after a mixed session in Asia. The Shanghai Composite rose 0.3% and Korea’s Kospi gained 0.4%, while Japan’s Nikkei slipped 0.2%.
Japan’s exports dropped 8.2% on year last month, a more rapid fall than expected, adding to speculation that the central bank may seek to cut interest rates deeper into negative territory. The weak data came as global uncertainty has boosted the yen, regarded as a haven by investors, by 1.4% against the U.S. dollar so far this year.
Global oil benchmark Brent crude slipped 0.3% to $64.35 on Wednesday, following days of sharp swings after an attack on production facilities in Saudi Arabia. The tick downward came after the Saudi energy ministry said the kingdom would recover output in weeks.
Data on construction in the U.S. will also be released Wednesday. The figures for August follow three straight months of declines in the number of homes being built.
The yield on 10-year U.S. Treasurys ticked down to 1.777%, from 1.805% Tuesday. Yields fall as bond prices rise. Gold prices slipped 0.3%.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-pause-ahead-of-fed-decision-11568794332Bloomberg:
https://www.bloomberg.com/news/articles/2019-09-17/asia-stock-futures-rise-treasuries-advance-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-stock-market-rally-fed-rate-cut-mystery-adobe-fedex-move/CNBC::
https://www.cnbc.com/2019/09/18/dow-futures-down-us-federal-reserve-meeting.htmlReuters:
https://uk.reuters.com/article/uk-usa-fed/from-oil-shocks-to-funding-strains-fed-confronts-new-complexities-idUKKBN1W30F5U.K.
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-lingers-in-the-red-ahead-of-fed-meeting-idUKKBN1W30QBEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-tread-water-with-fed-decision-looming-idUSKBN1W30QSAsia:
https://www.marketwatch.com/story/asian-markets-flat-ahead-of-fed-interest-rate-decision-2019-09-17/printBonds:
https://www.cnbc.com/2019/09/18/bonds-us-treasury-yields-fall-ahead-of-fed-decision.htmlCurrencies:
https://www.cnbc.com/2019/09/18/forex-markets-federal-reserve-saudi-arabia-oil-in-focus.htmlOil:
https://www.cnbc.com/2019/09/18/oil-markets-saudi-arabia-oil-production-in-focus.htmlGold:
https://www.cnbc.com/2019/09/18/gold-markets-federal-reserve-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx
