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U.S. Futures Set to Open Lower After China Threatens Retaliation for Tariffs #China #Futures #Tariffs

U.S. futures set to open lower after China threatens retaliation for tariffs.  Chinese officials announced a plan to add tariffs on another $75B of U.S. goods that will mostly be in the range of 5 and 10% and go into effect on September 1st and December 15th.  An exception to the 5-10% range will be automobiles and automobile parts, which will be hit with a 25% tariff.   European shares also moved lower after the retaliatory tariffs from China on U.S. goods.  Asian shares closed higher on the day as markets closed prior to the latest tariff announcements.

 

 

US Futures Lower / Asia Higher / EU Lower / WTI @ 53.82 -1.53 / Brent 58.84 -1.08 / Nat Gas @ 2.13 -0.03 / Gold @ 1511.30 +2.80 / Platinum 851.36 -6.92 / Silver @ 17.08 +0.04 / Copper @ 2.54 -0.02 / AGS Mixed / Euro @ 1.1067 -0.0011 / 10 Yr UST @ 1.61% / 30 Yr @ 2.12%

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U.S. Futures are Slightly Higher as Investors Await Jackson Hole Comments #Futures #Powell #JacksonHole

U.S. futures are slightly higher as investors await Jackson Hole comments. Several Fed Presidents will speak today as the central bank summit begins in Jackson Hole, Wyoming. Investors will look for clues from the speakers for hints on the path of interest rate policy. On the data front, weekly jobless claims fell 12k to 209k last week, slightly below estimates of 216k. Later this morning markets will get a look at the August flash PMI composite. European shares are mixed with consumer product companies leading the losses. Data out of the euro zone showed that business improved in August as PMI was stronger than expected. Asian shares closed mixed with shares in Hong Kong lagging the region.

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29 Hits

U.S. Futures are Higher Ahead of FOMC Minutes #Fed #FOMC #Powell

U.S. futures are higher ahead of FOMC minutes. Later today the Fed will release the minutes from their July meeting in which they lowered rates by 25 basis points in what was labeled a “midcycle adjustment”. Markets will look for additional clues for future policy considerations. On the data front, mortgage applications fell slightly by 0.9% as rates stabilized, one week after applications surged nearly 22%. Later this morning markets will get a look at existing home sales from July. Retail stocks are getting a boost today after Target reported better-than-expected earnings and revenue and lifted guidance for the remainder of the year. European stocks are broadly higher with automotive stove leading the gains.  Italy’s markets are higher despite the resignation of Prime Minister Giuseppe Conte. Asian shares closed mixed with Chinese shares managing small gains.

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24 Hits

U.S. Futures are Set to Open Slightly Higher as Earnings Winds Down #Futures #Earnings

U.S. futures are set to open slightly higher as earnings winds down. In a week with several retailers reporting earnings, Home Depot and Kohls both reported better-than-expected earnings today, while revenue missed expectations. There is no scheduled economic data for release today. European shares are mixed as recession fears are being countered with talks of new stimulus. Healthcare stocks are leading in European trading, while Utilities are lagging. Asian shares closed mixed with Japanese stocks leading the region.

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U.S. Stock Futures Rise as Treasury Yields Stabilize #Futures #YieldCurve #Economy

U.S. stock futures rise as Treasury yields stabilize. Concern over falling yields and yield curve inversion took a toll on stocks last week, however, rebounding yields are helping to boost stocks this morning. European shares are higher as Germany floats the idea of fiscal stimulus through government spending to help the economy as needed. Asian shares closed higher with Chinese stocks leading after the PBOC will take measures to lower lending rates to boost the economy.

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