FYI: U.S. stock index futures were trading higher on Monday morning.
Around 6 a.m. ET, Dow futures indicated a positive open of more than 75 points. Futures on the S&P 500 and Nasdaq were also slightly higher.
Wall Street ended lower last week on reports that the White House is considering limiting U.S. investment into China, including a possible delisting of Chinese companies from U.S. stock exchanges, in a further escalation of the ongoing trade dispute between the world’s two largest economies.
Global stocks were pulled in different directions Monday, with Chinese stocks falling despite manufacturing numbers for September coming in better than expected.
On the last day of what has been a volatile quarter across markets, shares in Shanghai slipped 0.9%. Official data showed manufacturing activity rebounded in September mainly on improving domestic demand. Chinese stock markets will be closed for the rest of the week to mark the 70th anniversary of the founding of the People’s Republic of China.
European stocks were up 0.1% in the Stoxx Europe 600 and the FTSE 100 in London was 0.15% higher. U.S. futures were up 0.3%.
The past three months has seen huge swings in oil, government bond yields and stock markets as investors grappled with a series of unexpected or complicated economic and geopolitical developments. These included the attack on Saudi Arabia’s oil industry and monetary easing from the European Central Bank and the U.S. Federal Reserve.
in Hong Kong the Hang Seng rose 0.4% in spite of another weekend of major pro-democracy protests.
Brent crude oil was down 0.6% at $60.70 even though there are several factors threatening to restrict supplies. Saudi Arabia’s Crown Prince Mohammed bin Salman said in an interview with “60 Minutes” broadcast Sunday that energy prices could hit unimaginable highs if conflict with Iran escalated.
The Wall Street Journal also reported that the U.S. shale boom was slowing, with production growth of just 1% in the first six months of 2019.
In Europe, government bond yields rose slightly as Mario Draghi, the outgoing president of the European Central Bank, used an interview to again call for government spending to help the eurozone economy, saying it was now more urgent than before.
German 10-year bond yields were 0.28 percentage points higher at minus 0.545%, while French 10-year yields were 0.28 points higher at minus 0.251%.
Gold was also lower, down 0.45% $1499.70. The WSJ dollar index was up 0.1%.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-markets-end-tumultuous-quarter-on-quiet-note-11569833596Bloomberg:
https://www.bloomberg.com/news/articles/2019-09-29/stocks-set-for-cautious-start-on-trade-tensions-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-china-trade-alibaba-huya-apple-stock-market-rally-trump-impeachment/CNBC::
https://www.cnbc.com/2019/09/30/us-stocks-investors-monitor-us-china-trade-impeachment-inquiry.htmlU.K.
https://www.reuters.com/article/us-global-markets/world-shares-steady-as-investors-shrug-off-u-s-delisting-threat-idUSKBN1WF01DEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-flat-amid-intensifying-trade-tensions-idUSKBN1WF0MSAsia:
https://www.marketwatch.com/story/asian-markets-retreat-on-mixed-trade-war-news-2019-09-29/printBonds:
https://www.cnbc.com/2019/09/30/treasury-yields-pmi-manufacturing-data.htmlCurrencies:
https://www.cnbc.com/2019/09/30/forex-markets-us-china-trade-war-in-focus.htmlOil:
https://www.cnbc.com/2019/09/30/oil-markets-us-china-trade-war-in-focus.htmlGold:
https://www.cnbc.com/2019/09/30/gold-markets-us-china-trade-war-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
