Top

Blog

U.S. Futures are Higher as the Spending Bill Moves to the President’s Desk #Shutdown #NationalEmergency #Manufacturing

U.S. futures are higher as the spending bill moves to the President’s desk. President Trump is expected to sign the spending bill that will keep the government funded through the end of September. Since the bill only included $1.375b for a border wall, President Trump is likely to declare a national emergency in order to raise the funding for the border wall to in excess of $8b. The declaration will be hit with strong resistance from the democratic party who will likely try to slow or stop the process with legal action challenging the President’s authority. On the trade front, U.S./China trade talks will continue into next week as both sides agree there is much to do, but progress is being made. On the data front, import and export prices fell in January, falling 0.5% and 0.6%, respectively. The Empire State Manufacturing survey came in slightly higher than expected in February at 8.8. Later this morning the markets will get a look at January industrial production and consumer sentiment from February. European shares are higher with material stocks leading as trade talk progress. Asian shares closed lower with China’s Hang Seng index leading the losses. On the data front, Chinese inflation missed expectations, with CPI rising 1.7% against expectations of a 1.9% rise.

US Futures are Lower Despite US and China Trade Ta...
U.S. Futures Retreat After Weaker Than Expected Da...

© 2019 United Asset Strategies, Inc  377 Oak Street, Suite 403  Garden City, NY 11530 | P. 516-222-0021 | F. 516-222-0163 | info@unitedasset.com| Privacy Policy | ADV