FYI: U.S. stock index futures were lower Wednesday morning.
At around 04:150 a.m. ET, Dow futures fell 124 points, indicating a negative open of more than 132 points. Futures on the S&P and Nasdaq were also pointing to a slightly lower open.
The Dow Jones fell from record highs on Tuesday as investors monitored earnings and developments in the U.S.-China trade talks. There’s mounting uncertainty about a deal between both economies, despite comments last month suggested that they were close to signing a partial agreement.
Global stocks retreated Wednesday as trade talks between the U.S. and China appeared to near an impasse, with President Trump threatening to raise tariffs further.
Futures tied to the Dow Jones Industrial Average receded 0.3%, while the Shanghai Composite Index edged down 0.8%.
A breakdown in talks would derail the White House’s plans for a limited “phase one” agreement this year. Investors are also growing concerned that fresh tariffs on Chinese products including smartphones and toys may be put into effect Dec. 15, directly hitting American consumers. Mr. Trump said in a Tuesday cabinet meeting that China needs to make a deal he likes to avoid levies going even higher.
The pan-continental Stoxx Europe 600 index fell 0.6%, led by declines in the banking and basic resources sectors. Shares in Wirecard AG dropped 5% after the payments company said it complied with reporting obligations in Singapore, but couldn’t conclude an audit of its subsidiary’s balance sheet due to restrictions set by local authorities.
Investors reached for haven assets, sending the yield on 10-year Treasurys to 1.738% Wednesday from 1.785% Tuesday. Bond yields across Europe also fell, with the German 10-year bund yielding minus 0.377% Wednesday from minus 0.337% Tuesday.
In the U.K., the pound fell 0.1% against the dollar after fresh opinion polls suggested that British voters are divided over whether Prime Minister Boris Johnson or Labour Party leader Jeremy Corbyn won the first television debate Tuesday night in the run up to the general election. The FTSE 250 index, which tracks companies with significant domestic operations, slumped 0.4%.
Later today, Target Corp. , Jack in the Box Inc. and L Brands will report earnings. The Federal Reserve will also issue its October policy meeting’s minutes, which may offer further clues about the direction of future policy.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-fall-as-trade-talks-flounder-11574244277Bloomberg:
https://www.bloomberg.com/news/articles/2019-11-19/asia-stocks-set-to-slip-treasury-yields-retreat-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-china-tensions-facebook-stock-visa-stock-pinduduo-target-earnings/CNBC::
https://www.cnbc.com/2019/11/20/dow-futures-us-china-trade-and-federal-reserve-minutes.htmlReuters:
https://uk.reuters.com/article/uk-usa-trade-china/beijing-tariff-demands-may-expand-u-s-china-phase-one-trade-deal-significantly-idUKKBN1XU0DHU.K.
https://uk.reuters.com/article/uk-britain-stocks/ftse-slips-1-on-bleak-trade-view-kingfisher-falls-idUKKBN1XU0XTEurope:
https://www.reuters.com/article/us-europe-stocks/trade-friction-oil-drive-european-shares-to-worst-day-in-six-weeks-idUSKBN1XU16AAsia:
https://www.marketwatch.com/story/asian-markets-pull-back-after-weak-japanese-trade-data-2019-11-19/printBonds:
https://www.cnbc.com/2019/11/20/us-bonds-treasury-yields-in-focus-amid-us-china-trade-tensions.htmlCurrencies:
https://www.cnbc.com/2019/11/15/forex-markets-us-china-trade-deal-in-focus.htmlOil:
https://www.cnbc.com/2019/11/20/oil-markets-us-crude-stockpiles-global-economy-in-focus.htmlGold:
https://www.cnbc.com/2019/11/20/gold-markets-china-us-trade-hong-kong-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
