The Breakfast Briefing: U.S. & Global Stocks Edge Higher As Investors See Fewer Risks

Ted

FYI: U.S. stock index futures were higher Tuesday morning.

At around 04:30 a.m. ET, Dow futures rose 72 points, indicating a positive open of more than 73 points. Futures on the S&P and Nasdaq were also pointing to a slightly higher open.

Wall Street ended little unchanged from its open amid mixed signals on the U.S.-China trade front. CNBC, citing a government source, reported that China is pessimistic about a trade deal with the U.S. This is reportedly due to different views on the cancelation of tariffs.

Global stocks drifted higher Tuesday as investors appeared to grow less nervous about the global economic outlook and the prospects for a U.S.-China trade deal.

Futures tied to the Dow Jones Industrial Average index rose 0.4%, while Hong Kong’s Hang Seng Index ended the day up almost 1.6%. The Shanghai Composite gauge advanced 0.9%. The key benchmark equity indexes in the U.S. drifted higher to close at record levels once again on Monday following a quiet trading session.

The yield on the U.S. 10-year Treasurys rose to 1.819%, from 1.808% on Monday.

Meanwhile, the pan-continental Stoxx Europe 600 index rose 0.6%, led by airlines and auto makers. EasyJet rose 4.5% in London after the budget airline said bookings for the first half of fiscal 2020 have climbed.

Later in the day, investors will get an opportunity to assess another yardstick for U.S. economic activity and confidence when the Commerce Department releases figures on the number of new homes being built. Economists expect a 3.5% increase in October, compared with the previous month. New York Federal Reserve Bank President John Williams is also set to give a speech at a conference in Washington, D.C.


Regards,
Ted

WSJ:
https://www.wsj.com/articles/global-stocks-edge-higher-as-investors-see-fewer-risks-11574159706

Bloomberg:
https://www.bloomberg.com/news/articles/2019-11-18/asia-stocks-set-for-muted-open-treasuries-advance-markets-wrap?srnd=premium

IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-can-software-join-stock-market-rally-apple-roku-servicenow-news/

CNBC::
https://www.cnbc.com/2019/11/19/dow-futures-uncertainty-over-us-china-trade-deal.html

Reuters:
https://uk.reuters.com/article/uk-global-markets/shares-push-to-22-month-high-as-trade-hopes-endure-idUKKBN1XT00U

U.K.
https://uk.reuters.com/article/uk-britain-stocks/uk-stocks-surge-on-china-stimulus-hopes-dec-election-polls-idUKKBN1XT0YB

Europe:
https://www.reuters.com/article/europe-stocks/european-shares-edge-higher-in-cautious-trading-idUSL3N27Z2FN

Asia:
https://www.marketwatch.com/story/asian-markets-mixed-on-continued-uncertainty-over-us-china-trade-talks-2019-11-18/print

Bonds:
https://www.cnbc.com/2019/11/19/us-bonds-wall-street-in-focus-as-us-china-trade-deal-doubts-persist.html

Currencies:
https://uk.reuters.com/article/uk-global-forex/dollar-steadies-after-three-days-of-losses-as-trade-deal-hopes-dim-idUKKBN1XT01F

Oil:
https://www.cnbc.com/2019/11/19/oil-markets-us-china-trade-talks-in-focus.html

Gold:
https://www.cnbc.com/2019/11/19/gold-markets-china-us-trade-in-focus.html

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