What’s in Today’s Report:
- Will the Hong Kong Democracy Bill Hurt Trade Talks? (No – Here’s Why)
- What Wednesday’s Strong Economic Data Means for Markets
Futures are modestly lower following the Thanksgiving holiday due to a mild uptick in trade concerns after President Trump signed the Hong Kong democracy bill.
President Trump’s signing of the bill drew criticism from China, but multiple media outlets, including the WSJ, are reporting the law won’t de-rail trade talks.
Economic data was again underwhelming as Japanese IP and German Retail Sales both badly missed estimates, although that’s not impacting markets as focus remains almost exclusively on U.S./China trade.
Today there are no economic reports, no Fed officials are scheduled to speak and the NYSE closes at 1:00 p.m. ET. So, barring any U.S./China trade headline surprises, it should be a typically quiet post-Thanksgiving trading session.