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The Breakfast Briefing: U.S. Futures Point To Slightly Lower Open
FYI: U.S. stock index futures were slightly lower Wednesday morning.
At around 04:00 a.m. ET, Dow futures dipped 64 points, indicating a negative open of more than 37 points. Futures on the S&P and Nasdaq were both marginally lower.
The pre-market moves come as investors closely monitor Brexit developments. Officials and diplomats said that differences over the terms of the U.K.’s split from the European Union had narrowed significantly on Tuesday.
Chinese stocks slipped Wednesday on concerns that tensions with the U.S. over the Hong Kong protests would make striking a trade deal more complicated.
The Shanghai Composite Index slid 0.4% after the U.S. House of Representatives passed a series of bills backing pro-democracy protesters in Hong Kong, drawing a strong rebuke from China. A Chinese Foreign Ministry spokesman warned the U.S. against meddling in Chinese affairs and said the bill would damage relations between the two nations.
Meanwhile, the pan-continental Stoxx Europe 600 index slipped about 0.3% as investors await a Brexit deal. Talks between the U.K. and European Union toward a draft plan for Britain to leave the bloc continued Wednesday, officials said, after negotiations late into the night failed to resolve key final issues. Regards, Ted
