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U.S. Futures Are Slightly Lower as Markets Await Signs of Trade Progress #Trade #China #ADP

U.S. futures are slightly lower as markets await signs of trade progress.  With no new news on the trade front since Monday’s reports that the U.S. and China were close to a deal, markets have been consolidating and searching for direction.  On the data front, the February ADP report showed that private payrolls rose by 183k and January’s numbers were revised higher by 87k.  On the trade front, the December trade deficit rose in December to -$59.8B, larger than expectations despite President Trump’s efforts to move the needle.  European shares are mixed and searching for leadership.  Automobile stocks lagged in the region as trade tensions continue to be front and center.  Asian shares closed mixed with Chinese shares leading in the region on new stimulus and tax cut plans.

 

 

US Futures Lower / Asia Mixed / EU Mixed / WTI @ 56.00 -0.56 / Brent 65.71 -0.15 / Nat Gas @ 2.86 -0.02 / Gold @ 1285.40 +0.70 / Platinum 827.66 -9.95 / Silver @ 15.10 -0.01 / Copper @ 2.93 -0.004 / AGS Mixed / Euro @ 1.1304 -0.0002 / 10 Yr UST @ 2.72% / 30 Yr @ 3.08%

 

 

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