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The Breakfast Briefing: U.S. & Global Stocks Rise At The End Of A Bumpy Week

FYI: U.S. stock index futures were slightly higher Friday morning.

At around 03:30 a.m. ET, Dow futures rose 18 points, indicating a positive open of more than 5 points. Futures on the S&P and Nasdaq were both marginally higher.

The moves in pre-market trade come shortly after deputy trade negotiators from the U.S. and China resumed face-to-face talks for the first time in almost two months. The deputy-level trade talks are expected to help lay the groundwork for high-level negotiations early next month.

Asian, European stocks edge up

• Brent crude prices rise

• Treasury yields pause

Global stocks rose at the end of a week that saw an interest-rate cut from the Federal Reserve and dramatic swings in crude prices after an attack on production facilities in Saudi Arabia.

The Stoxx Europe 600 gained 0.2% in opening trade. In Asia, the Shanghai Composite and Japan’s Nikkei both rose 0.2%.

The U.K.’s FTSE 100 dropped 0.3% as the British pound gained 0.3% against the U.S. dollar. European Commission President Jean-Claude Juncker on Thursday said talks with British Prime Minister Boris Johnson had gone well, raising hopes for a Brexit deal in the coming weeks, which in turn boosted the pound.

olls-Royce shares were among the biggest fallers in Europe, down 2.1% after the British engineering group warned that issues with its Trent 1000 engines would continue longer than expected.

Alten, the French engineering and technology consulting firm, saw its shares rise 7.6% after it reported higher fourth-quarter revenue.

Brent crude gained to 0.8% to $64.90 per barrel after days of major price swings. Following an attack on key production facilities, Saudi Arabia was reaching out to foreign producers to send crude to its domestic refineries, as part of the country’s efforts to keep exports flowing.

The yield on U.S. 10-year Treasurys on Friday was nearly flat at 1.776%, from 1.777% on Thursday. Bond yields and prices move in opposite directions.

Elsewhere in commodities, gold prices rose 0.3%.
Regards,
Ted

WSJ:
https://www.wsj.com/articles/global-stocks-rise-at-the-end-of-a-bumpy-week-11568968985

Bloomberg:
https://www.bloomberg.com/news/articles/2019-09-19/asia-stocks-set-to-edge-higher-bond-yields-drift-markets-wrap

IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-northrop-microsoft-stock-market-rally-fizzled-huya-stock/

CNBC::
https://www.cnbc.com/2019/09/20/stock-market-wall-street-in-focus-as-us-china-trade-talks-resume.html

Reuters:
https://uk.reuters.com/article/us-usa-trade-china/u-s-chinese-trade-deputies-face-off-in-washington-amid-deep-differences-idUKKBN1W40E1

U.K.
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-loses-ground-as-exporters-slip-rolls-royce-topples-idUKKBN1W50NQ

Europe:
https://www.reuters.com/article/europe-stocks/european-shares-rise-as-retailers-defensive-stocks-gain-idUSL3N26B1WO

Asia:
https://www.marketwatch.com/story/asian-markets-rise-as-us-china-return-to-negotiating-table-2019-09-19/print

Bonds:
https://www.cnbc.com/2019/09/20/bonds-treasury-yields-fall-as-traders-monitor-us-china-trade-talks.html

Currencies:
https://www.cnbc.com/2019/09/20/forex-markets-federal-reserve-brexit-in-focus.html

Oil:
https://www.cnbc.com/2019/09/20/oil-markets-middle-east-in-focus.html

Gold:
https://www.cnbc.com/2019/09/20/gold-markets-dollar-us-china-trade-in-focus.html

Cuirrent Futures:
https://finviz.com/futures.ashx

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