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WORLD HEADLINES – Global stocks slipped for the second straight day and the dollar held near one-week lows after U.S. President Donald Trump’s threats to slap $60 billion in tariffs on Chinese imports reminded investors of the threat to world economic growth.
STOCKS – Equity markets were attempting to recover after Tuesday’s hefty losses, heartened by robust Chinese factory data, but struggled to overcome fears of a global trade war as well as the prospect of political uncertainty in the United States.
BONDS – The 10-year Treasury yield fell while the dollar held steady.
COMMODITIES – West Texas Intermediate crude fell 1.2 percent to $60.63 a barrel.
CURRENCIES – The Japanese yen dropped as investors digested the political fallout from a scandal embroiling the country’s finance minister.
ECONOMIC DATA – US PPI and Core Retail Sales due at 8:30, Crude Oil Inventories at 10:30, NZD GDP q/q at 17:45 ET.
