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WORLD HEADLINES – Global stock markets fought to keep a global rebound alive on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, clouding what had been a bright start to the week.
STOCKS – Shares in Apple Inc fell after hours in reaction to Trump’s comments that tariffs could also be placed on laptops and iPhones imported from China.
BONDS – The futures market has already shifted to imply two more hikes at most next year. The Fed itself is predicting three, and more in 2020.
COMMODITIES – Oil prices were depressed by record Saudi Arabian production even as the kingdom tried to persuade other exporters to agree output cuts ahead of an OPEC meeting next week.
CURRENCIES – Sterling was weaker across the board after Trump said on Monday the agreement allowing the United Kingdom to leave the European Union may make trade between Washington and London more difficult.
ECONOMIC DATA – FOMC Member Clarida Speaks at 8:30, CB Consumer Confidence at 10:00, FOMC Member Bostic Speaks at 14:30 ET.
COMMODITY FUTURES, OPTIONS, AND FOREX TRADING INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
