FYI: U.S. stock index futures were slightly lower Thursday morning.
At around 03:45 a.m. ET, Dow futures slipped 50 points, indicating a negative open of more than 34 points. The 30-stock average closed at an all-time high in the previous session. Futures on the S&P — which also eked out a record closing high on Wednesday — and Nasdaq were both seen marginally lower.
Market focus is largely attuned to global trade developments, as investors closely monitor the extent of progress between the world’s two largest economies.
Global stocks edged lower Thursday as concerns over U.S.-China trade negotiations and weak Chinese economic data weighed on investors.
The Stoxx Europe 600 fell 0.1%, with the trade-sensitive auto sector down 1.3%. The U.K.’s FTSE 100 dipped 0.2% and the German DAX fell 0.3%. Stock futures tied to the Dow Jones Industrial Average were down 0.2%.
The latest economic data out of China showed fresh signs of weakness, with disappointing numbers in industrial output, household consumption and fixed-asset investment. The figures added to evidence that the world’s second-largest economy is broadly slowing—as consumer inflation accelerates. The data follows a Wall Street Journal report that trade talks between the U.S. and China have hit a snag over farm purchases.
Shares of Mercedes-Benz maker Daimler AG fell 3.4% after it said Thursday that it plans to cut jobs and slash personnel costs to offset expenses required to lower car emissions. Luxury apparel maker Burberry Group shares rose 5% after it beat expectations in first-half earnings, adding to the broad rebound in luxury stocks this year.
Investors reached for haven assets, with the Japanese yen up 0.2% against the dollar and the Swiss Franc rising 0.3% against the dollar. Gold appreciated 0.5% and government bond yields fell. The yield on the 10-year German bund fell to minus 0.329% from minus 0.297% Wednesday afternoon. The U.S. 10-year Treasury slid to 1.839% from 1.870% Wednesday. Yields fall when prices rise.
sian stocks were mixed, with the Shanghai Composite up 0.2% while Hong Kong’s Hang Seng waned 0.9% as antigovernment protests snarled the city. Clashes between police and protesters have intensified in recent days. Japan’s Nikkei 225 fell 0.8% following weaker-than-expected third-quarter gross domestic product data, and Korea’s Kospi gained 0.8%.
In Turkey, the lira weakened 0.6% against the dollar after a long-awaited meeting Wednesday between President Trump and Turkey’s President Recep Tayyip Erdogan. The talks didn’t yield a resolution to issues that have divided the two nations, including Turkey’s purchase of a Russian air-defense system and the U.S. partnership with the Kurdish-led Syrian Democratic Forces.
Later Thursday, Walmart Inc., Viacom Inc., and NVIDIA Corp. will report quarterly earnings.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/auto-stocks-and-trade-jitters-push-global-markets-lower-11573726479Bloomberg:
https://www.bloomberg.com/news/articles/2019-11-13/stock-futures-mixed-in-asia-treasuries-climb-markets-wrapIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-trump-upbeat-china-trade-deal-cisco-stock-disney-stock-active-walmart-earnings/CNBC::
https://www.cnbc.com/2019/11/14/stock-market-feds-powell-earnings-and-data-in-focus-on-wall-street.htmlReuters:
https://uk.reuters.com/article/uk-forex-swaps-insight/in-swaps-we-trust-disappearing-dollars-drive-currency-trading-dependence-idUKKBN1XO132U.K.
https://uk.reuters.com/article/uk-britain-stocks/ftse-inches-lower-as-3i-drop-offsets-burberry-surge-idUKKBN1XO11SEurope:
https://www.reuters.com/article/europe-stocks/european-shares-slip-daimler-drags-on-germany-idUSL4N27U2HFAsia:
https://www.marketwatch.com/story/asian-markets-mixed-after-weaker-economic-data-from-china-japan-2019-11-13/printBonds:
https://www.cnbc.com/2019/11/14/us-treasury-yields-tick-higher-amid-uncertainty-over-china-trade-deal.htmlCurrencies:
https://www.cnbc.com/2019/11/14/forex-markets-us-china-trade-deal-in-focus.htmlOil:
https://www.cnbc.com/2019/11/14/oil-markets-us-crude-stocks-in-focus.htmlGold:
https://www.cnbc.com/2019/11/14/gold-markets-us-federal-reserve-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
