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- Declines in Asia could’ transfer to the U.S. America opens higher
Declines in Asia could' transfer to the U.S. America opens higher
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Loading...U.S. stock futures rose and Treasuries slipped as investors speculated Middle East tensions won’t erupt into a destabilizing conflict. The euro fell after Europe posted another weak economic reading.
Contracts for the S&P 500 pushed to session highs after President Donald Trump hinted that military action may not be imminent, while Russia toned down its own war rhetoric. That helped equities in the U.S. and Europe ignore overnighttrade rumblings from China, which dragged most Asian gauges lower.
The single currency weakened after euro-area industrial output unexpectedly declined for a third consecutive month. West Texas crude edged lower following recent big gains.
Separately, a bipartisan effort emerged in Congress to protect special counsel Robert Mueller from being fired, a move that points to escalating political risk in the U.S. Meanwhile, Fed minutes showed officials leaned toward a slightly faster pace of policy tightening at their March meeting, even as they saw clear “downside risks” for the biggest economy from retaliatory trade duties.
China will “unquestionably” retaliate if the U.S. further escalates trade tension, a senior Chinese trade official said.
Source: Bloomberg Pro Terminal
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