https://www.wsj.com/articles/stocks-fall-on-dimming-hopes-for-u-s-china-trade-talks-11574315113FYI: At around 03:30 a.m. ET, Dow futures slipped 63 points, indicating a negative open of more than 54 points. Futures on the S&P and Nasdaq were both seen marginally lower.
Market participants are likely to closely monitor speeches from policymakers at the U.S. central bank on Thursday.
U.S. stock index futures were slightly lower Thursday morning.
At around 03:30 a.m. ET, Dow futures slipped 63 points, indicating a negative open of more than 54 points. Futures on the S&P and Nasdaq were both seen marginally lower.
Market focus is largely attuned to global trade developments, after U.S. legislation on Hong Kong threatened to derail trade discussions between the world’s two largest economies.
Stocks fell in Asia, following retreats in the U.S. and Europe, on concerns that trade negotiations between China and the U.S. could reach a stalemate.
Hong Kong’s benchmark Hang Seng Index led Thursday’s decline with a 1.6% drop, after the U.S. House of Representatives passed a bill in support of antigovernment protesters in the city. The Senate had passed the bill a day earlier, and it will now go to President Trump to sign. U.S. E-Mini S&P 500 futures dropped 0.2%, pointing to a weaker open in New York.
The declines came after the Dow Jones Industrial Average logged its biggest fall of the month. The U.S.-China trade talks appeared to have hit an impasse, with leaders of the world’s two biggest economies still divided on core issues.
Other trade-reliant markets declined. Japan’s Nikkei fell 0.8% as the Japanese yen, typically considered a safe-haven currency, gained 0.2%. Korea’s Kospi Index pulled back 1.6% while Taiwan’s Taiex dropped nearly 1%, and China’s Shanghai Composite retreated 0.4%.
All but one of the 50 stocks in the Hang Seng Index fell. WH Group, the world’s largest pork producer and the owner of the U.S. meat processor Smithfield Foods, fell 4%. Smartphone-lens maker Sunny Optical dropped more than 3%.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/stocks-fall-on-dimming-hopes-for-u-s-china-trade-talks-11574315113MarketWatch:
https://www.marketwatch.com/story/us-stock-futures-pare-losses-after-report-chinas-liu-cautiously-optimistic-over-trade-deal-2019-11-21/printBloomberg:
https://www.bloomberg.com/news/articles/2019-11-20/asia-stocks-set-for-caution-on-u-s-china-tensions-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-china-trade-deal-news-hits-apple-amd-tesla-stock-market-rally-hope/CNBC::
https://www.cnbc.com/2019/11/21/us-stocks-wall-street-in-focus-amid-earnings-data-and-trade-talks.htmlReuters:
https://uk.reuters.com/article/us-global-markets/stocks-stumble-as-hk-bill-poses-hurdle-in-u-s-china-trade-deal-idUKKBN1XV02BU.K.
https://uk.reuters.com/article/uk-britain-stocks/ftse-falls-as-trade-view-deteriorates-royal-mail-sinks-idUKKBN1XV0UNEurope:
https://www.reuters.com/article/europe-stocks/european-shares-slide-as-trade-worries-ramp-up-again-idUSL3N28129ZAsia:
https://www.marketwatch.com/story/asian-markets-sink-as-us-china-trade-worries-rise-2019-11-20/printBonds:
https://www.cnbc.com/2019/11/21/us-treasury-yields-amid-us-china-trade-tensions-jobless-claims.htmlCurrencies:
https://www.cnbc.com/2019/11/15/forex-markets-us-china-trade-deal-in-focus.htmlOil:
https://www.cnbc.com/2019/11/21/oil-markets-us-china-trade-deal-in-focus.htmlGold:
https://www.cnbc.com/2019/11/21/gold-markets-us-china-trade-deal-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx
