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The Breakfast Briefing: Stocks Rise, Bond Yields Slip As Global Economy Concerns Continue

TedTed
edited May 16 in The Bullpen
FYI: Government bond yields on Thursday dipped close to their lowest levels in more than a year on fears of a slowing world economy, before recovering slightly as global stocks ticked higher.

U.S. futures pointed to opening gains of 0.4% for the S&P 500 and 0.3% for the Dow Jones Industrial Average.

The yield on the U.S. 10-year Treasury note early Thursday had flirted with its lowest level since December 2017, before rising again to 2.379%, nearly flat from Wednesday.

In Europe, the Stoxx 600 rose 0.2% by midday as gains for mining companies, lifted by rising base metal prices, outweighed a fall for trade sensitive auto stocks.

Indexes in mainland China and Hong Kong rose on the news, while recent weak Chinese data also raised investors’ hopes that Beijing would increase stimulus measures to guard against growing signs of economic weakness. The exception was Japan’s Nikkei which fell 0.6%.

The WSJ Dollar Index, which measures the dollar against a basket of currencies, was flat.

Brent crude oil, the global benchmark, was up 0.7% at $72.26 a barrel. Gold was down 0.2% at $1,295.70 a troy ounce.
Regards,
Ted
MarketWatch:
https://www.marketwatch.com/story/stock-futures-slip-after-trump-appears-to-crack-down-on-chinas-huawei-2019-05-16/print

WSJ:
https://www.wsj.com/articles/global-stocks-bond-yields-slip-11557996316

Bloomberg:
https://www.bloomberg.com/news/articles/2019-05-15/stocks-in-asia-face-mixed-start-yields-slide-markets-wrap?srnd=premium

IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-stock-market-rally-cisco-earnings/

Reuters:
https://www.reuters.com/article/us-usa-stocks/futures-rise-after-upbeat-cisco-walmart-earnings-idUSKCN1SM176

CNBC:
https://www.cnbc.com/2019/05/16/futures-lower-as-us-china-trade-tensions-return.html

U.K.:
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-falls-as-huawei-ban-heightens-china-u-s-worries-idUKKCN1SM0OH

Europe:
https://www.reuters.com/article/us-europe-stocks/european-stocks-fall-as-huawei-ban-stokes-trade-anxiety-idUSKCN1SM0OJ

Asia:
https://www.marketwatch.com/story/asian-markets-mostly-fall-as-trump-moves-to-ban-huawei-2019-05-15/print

Bonds:
https://www.cnbc.com/2019/05/16/treasury-yields-tick-lower-as-us-china-trade-war-escalates.html

Currencies:
https://www.cnbc.com/2019/05/16/forex-market-expected-us-auto-tariffs-delay-us-china-trade-in-focus.html

Oil:
https://www.cnbc.com/2019/05/16/oil-market-middle-east-tensions-us-stockpiles-in-focus.html

Gold:
https://www.cnbc.com/2019/05/16/gold-market-us-china-trade-potential-auto-tariffs-delay-in-focus.html

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

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