What’s in Today’s Report:
- Latest on U.S./China Trade (Is a Deal In Place?)
- Positive Signs from the Bond Market?
- Weekly Market Preview (Jobs & The ECB)
- Weekly Economic Cheat Sheet
Futures are modestly higher thanks to reports that the U.S. and China are extremely close to a new trade deal.
The WSJ reported the U.S. and China are aiming to sign a new trade deal on March 27th that will include the removal of all tariffs, although the article cautioned it’s not a done deal at this point.
Economically, data was weak again as British Construction PMI (50.6 vs. (E) 52.5) and EuroZone PPI (3.0% vs. (E) 3.2%) missed estimates.
There are no economic reports today so focus will remain on U.S./China trade and any official confirmation (from the U.S. or Chinese government) of the positive articles that hit overnight.