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US Equity Handover: Stocks Fade Along with Hopes of US-China Trade Deal

Headlines

  • US indices closed lower on the day, though they did recover off their morning lows on (slim) hopes of a US-China trade deal.
  • REITs (XLRE) were the only major sector to eke out a gain on the day, while technology stocks (XLK) fell the furthest at nearly -1%.
  • US-China trade anxiety peaks, with President Trump noting that it was still possible to get a trade deal this week, but that he had an “excellent alternative” to a China deal. Negotiations resume at 17:00 ET (21:00 GMT) ahead of an escalation of tariffs at midnight ET.
  • Uber is set for its IPO tomorrow – read our full preview here and see our webinar on the event here.
  • Asian stock indices are edging generally lower, though tomorrow’s trade will depend heavily on the outcome of tonight’s US-China trade talks.

*No major earnings reports expected in Friday’s Asian session

Macroeconomic Calendar


*Data from Refinitiv. Index names may not reflect tradable instruments and not all markets are available in all regions.


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