US brought indices open near unchanged levels

Modest gains after a few minutes in the major stock indices

The US stock market is open as US and China officials gather for trade negotiations. The optics from China seem to be more positive, but the devil is in the details of what they are willing to do.  My feeling is buying pork or agricultural goods is old news to the Trump administration.  Does the concessions stop new tariffs being imposed, is probably the best case scenario.

The snapshot is currently showing

  • S&P index +1.2 points or 0.04% at 2920.50
  • NASDAQ index +6 points or 0.08% 7910
  • Dow industrial average -3 points at 26342

In the US debt market, yields are higher:

 In other markets:
  • Spot gold is down -$7.36 at $1498.50
  • WTI crude oil is up $0.66 at $53.26.


Articles You May Like

Forex Transaction Basics | Forex Trading for Beginners
US November CPI +2.1% y/y vs +2.0% expected
China: PBoC is likely to ease as inflation slows sequentially – ANZ
Fed firmly on hold this week – ING
Stock Market Crashes: Current Climate Compared to Prior Conditions

Leave a Reply

Your email address will not be published. Required fields are marked *