Encouraging Signs from Credit
What’s in Today’s Report:
- Some Encouraging Signs From Credit
Futures are higher with international shares despite more soft data in the EU and a disappointing earnings report by Samsung as investors focus on U.S.-China trade progress.
China’s Vice Premier, Liu He, unexpectedly attended mid-level trade talks in Beijing overnight which was seen as a potential catalyst for legitimate progress towards a deal.
Economically, German Industrial Production fell –1.9% vs. (E) 0.3% but the NFIB Small Business Optimism Index in the U.S. was not as bad as feared with a headline of 104.4 vs. (E) 104.0.
Today, there is one economic report to watch: International Trade (E: -$53.9B) which has been more closely watched since U.S.-China trade tensions first escalated while there are no Fed officials scheduled to speak.
Momentum remains positive in risk assets including stocks right now and that could continue especially if there are more positive developments regarding the trade talks in Beijing today.
