Trade Deal Preview
What’s in Today’s Report:
- U.S.-China Signing Ceremony: Could There Be a “Sell the News” Reaction?
Futures are slightly lower while international equity markets were little changed overnight as investors look ahead to the signing ceremony of the phase-one trade deal between the U.S. and China and await more earnings.
Economically, Eurozone Industrial Production for the month of November was a mild miss coming in at 0.2% vs. (E) 0.3% which is modestly weighing on EU shares today.
Looking into today’s session, there are two economic reports to watch: PPI (E: 0.2%) and Empire State Manufacturing Index (E: 3.5) and two Fed officials are scheduled to speak: Harker (11:00 a.m. ET) and Kaplan (12:00 p.m. ET).
Investors however will remain focused on earnings with: BAC ($0.74), UNH ($3.90), GS ($5.20), and BLK ($7.67) all due to release results this morning.