The Breakfast Briefing: U.S. Futures & Global Stocks Tick Higher After Dow Closes Over 27000

Ted

FYI:
• U.S. Futures Up

.Crude oil prices rise

• Treasury yields edge up

.Asian, European stocks gain


Asian and European stocks rose Friday, at the end of a week that saw central banks in both the U.S. and Europe setting the stage for looser monetary policy.

The Shanghai Composite Index gained 0.4% and the Shenzhen A Share index climbed 0.5%, while Japan’s Nikkei ticked up 0.2%.

In Europe, the pan-continental Stoxx Europe 600 was up by 0.1%, ahead of eurozone industrial production data due later in the day.

Shares of Anheuser-Busch InBev slipped 2.2% after the company’s Asian unit said its IPO would price in the lower half of its range.

Meanwhile, investors were digesting an official report from China that showed its exports gained by 6.1% in the first half of the year.

The yield on 10-year Treasurys ticked higher on Friday to 2.125%, from 2.122% on Thursday. Yields rise when bond prices fall. The WSJ Dollar Index, which measures the currency against a basket of its peers, fell by 0.1%.

In commodities, global oil benchmark Brent crude rose by 0.8% to $67.05 a barrel, as traders anticipated supply disruptions from a storm in the Gulf of Mexico and rising tensions in the Middle East. Gold was up by 0.4%.
Regards,
Ted

WSJ:
https://www.wsj.com/articles/asian-european-stocks-tick-higher-11562918503

Bloomberg
https://www.bloomberg.com/news/articles/2019-07-11/asia-stocks-to-trade-mixed-treasuries-slide-markets-wrap

IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-illumina-stock-marijuana-stock-amgen-novartis-alzheimers-drug/

CNBC:
https://www.cnbc.com/2019/07/12/stock-market-dow-futures-rise-after-fed-hints-at-rate-cut-ahead.html

Reuters:
https://www.reuters.com/article/us-usa-fed-bostic/feds-powell-affirms-rate-cut-view-others-see-u-s-economy-humming-idUSKCN1U627N

U.K.
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-set-to-snap-six-day-losing-streak-thomas-cook-plummets-idUKKCN1U70SS

Europe:
https://www.reuters.com/article/europe-stocks/european-shares-flat-daimlers-profit-warning-knocks-auto-stocks-idUSL4N24D1MK

Asia:
https://www.marketwatch.com/story/asian-shares-largely-rise-after-wall-street-sets-new-records-2019-07-12/print

Bonds:
https://www.cnbc.com/2019/07/12/us-bonds-traders-await-fresh-data.html

Currencies:
https://www.cnbc.com/2019/07/12/forex-markets-dollar-us-inflation-in-focus.html

Oil:
https://www.cnbc.com/2019/07/12/oil-markets-gulf-of-mexico-middle-east-in-focus.html

Gold:
https://www.cnbc.com/2019/07/12/gold-markets-us-china-trade-federal-reserve-in-focus.html

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