Top 5 Things to Know in the Market on Tuesday

1. Trump to address Economic Club of New York

President Donald Trump will speak at 19:00 (GMT +2) at the Economic Club of New York, against a backdrop of expectations for a trade truce with China that have risen substantially in recent weeks, despite his efforts on Friday and Saturday to play them down. Reports last week suggested the mooted ‘phase-1’ trade deal with China may not be finalized until December.

Trump is expected by many to comment not just on how much can be agreed with China as regards de-escalating the world’s most damaging trade dispute, but also on whether he will press ahead with tariffs on European goods, notably auto imports, as threatened earlier this year. EU Commission President Jean-Claude Juncker had said last week he didn’t expect Trump to follow through with the threat.

2 Signs of life in Germany?

The first big confidence survey of the month in Europe showed a bigger-than-expected improvement in expectations for the German economy, strengthening hopes that the region’s largest economy could be bottoming out.

The ZEW economic sentiment index improved to -2.1, its highest level in six months and well ahead of an uptick to -13.2 from -22.8 in October. The improvement is all the more conspicuous for the fact that ZEW has a reputation for being a more accurate indicator of turning points than for absolute levels of activity.

3. Stocks to open mixed; Tyson, Rockwell earnings due

U.S. stock markets are set to open fractionally higher, although trading is likely to stay muted until Trump’s speech later in the day.

Dow Futures were up 17 points, less than 0.1%, while S&P 500 Futures were up 0.1% and Nasdaq 100 Futures were up a fraction more.

Today’s earnings roster is headed by meat giant Tyson Foods, which is expected to report per-share net income of $1.29 per for the quarter and $5.52 for the full year, down 14% from the year-ago on an annual basis. Also of interest will be its outlook for pork prices against the backdrop of a devastating epidemic that has wiped out almost 200 million pigs in China, over 40% of that country’s herd.

4. Hong Kong hit again

Hong Kong’s financial district was paralyzed for a second day running by protests that also closed many of the city’s schools and shops.

The South China Morning Post reported that police fired tear gas in at least 12 different locations, only hours after embattled legislature head Carrie Lam vowed that escalating violence would not cause her government to back down. Lam also called the protesters “the enemy of the people”.

5. Disney to launch streaming service

Walt Disney (DIS.US) is due to launch its Disney+ streaming service later, with a price that undercuts both Netflix (NFLX.US) and Amazon’s Prime service at $6.99 a month.

Disney is entering an increasingly crowded space, with Apple (AAPL.US), AT&T (T.US) and Comcast (CMCSA.US) all vying with the two disruptors for a finite audience.

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