U.S. & Foreign Markets

U.S. Markets

Morning

 

Wall St. opens higher on earnings, trade optimism

Reuters  August 21, 2018

 

U.S. stocks opened higher on Tuesday, helped by some encouraging earnings reports and anticipation that planned trade talks between the United States and China would help resolve the spat between the world's two largest economies.


The Dow Jones Industrial Average (.DJI) rose 28.30 points, or 0.11 percent, at the open to 25,786.99.


The S&P 500 (.SPX) opened higher by 4.46 points, or 0.16 percent, at 2,861.51.


The Nasdaq Composite (.IXIC) gained 19.09 points, or 0.24 percent, to 7,840.09 at the opening bell. 


Sep S&P 500 E-minis (ESU18 +0.16%) this morning are up +5.50 points (+0.19%) at a 6-1/2 month high. 


Monday's closes:


S&P 500 +0.24%


Dow Jones +0.35%


Nasdaq 100 -0.08%


The S&P 500 on Monday rose to a 1-week high and closed higher on strength in miners as copper prices jumped +1.50% on signs of stronger demand. 


There was also strength in energy stocks as crude oil prices climbed +0.79%. Stocks also received a boost from some optimism that China and the U.S. may be able to resolve their trade differences as the two countries hold trade talks this Wed/Thu. 



 Tuesday Morning 10:04 AM-ET


  • S&P 500
    2,867.92  +10.87  (+0.39%)
  • Dow 30
    25,845.38  +86.69  (+0.34%)
  • Nasdaq
    7,867.06  +46.06  (+0.59%)
  • Russell 2000
    1,706.14  +7.44  (+0.42%)
  • Crude Oil
    67.96  +1.53  (+2.30%)
  • Gold
    1,197.50  +2.90  (+0.24%)
  • Silver
    14.78  +0.11  (+0.75%)
  • EUR/USD
    1.152  +0.003  (+0.26%)
  • 10-Yr Bond
    2.846  +0.023  (+0.81%)
  • Vix
    12.18  -0.31  (-2.48%)


North and South American Indexes


North and South American markets are mixed today. The IPC is up 0.82% while the S&P 500 gains 0.49%. The Bovespa is off 0.51%. 


Index Country Change%  Level Last Update


Dow Jones Industrial Average  U.S. States

+113.01  +0.44%  25,871.70

12:17pm ET

S&P 500 INDEX  United States

+14.00  +0.49%  2,871.05

12:17pm ET

Brazil Bovespa Stock IndexBrazil

-339.12  -0.44%  75,988.77

12:02pm ET

Canada S&P/TSX 60  Canada

-1.02  -0.10%  972.96

Aug 20

Santiago Index IPSA  Chile

+6.23  +0.16%  3,886.40

11:57am ET

IPC  Mexico

+394.76  +0.81%  49,180.24

11:57am ET
 



World Markets

Europe:


Morning News 


European stocks are higher by +0.70% on strength in miners and commodity producing stocks as Sep COMEX copper (HGU18 +0.94%) gains +0.94% on signs of increased copper demand after LME canceled warrants, or orders to withdraw copper from LME warehouses, rose +18,000 MT to a 1-1/2 month high. 


 

UK Aug CBI trends total orders fell -4 to 7, weaker than expectations of -3 to 8. The Aug CBI trends selling prices rose +2 to 15, stronger than expectations of +1 to 14.


UK Jul public sector net borrowing fell -2.9 billion pounds, weaker than expectations of -2.0 billion pounds and the biggest decline in 6 months. 



European Indexes - Updates After Market-Markets Closed


European markets finished mixed as of the most recent closing prices. The CAC 40 gained 0.54% and the DAX rose 0.43%. The FTSE 100 lost 0.34%. 


Index  Country  Change% Change  Level  Last Update  


  
FTSE 100  England

-25.56  -0.34%  7,565.70  

11:35am ET

Euronext 100  Europe

+3.88  +0.37%  1,061.85

11:58am ET

CAC 40  France

+28.95  +0.54%  5,408.60

11:58am ET

DAX  Germany

+53.19  +0.43%  12,384.4

911:45am ET

Swiss Market Index  Switzerland

+23.33  +0.26%  9,082.86

11:30am ET


Asian

Asian stocks settled mostly higher.


Chinese stocks rose for a second day and the yuan strengthened to a 1-week high against the dollar on speculation that government buying of equities will limit declines. The Shanghai Composite rebounded from a 2-1/3 year low in the last hour of trade Monday on reports of buying of Chinese blue chip stocks by state-sponsored funds. Japan's Nikkei Stock Index shook off early losses and closed higher after USD/JPY recovered from a 1-3/4 month low and moved higher, which boosted Japanese exporters.  


  

Economy  

Taiwan has pledged to fight China's "increasingly out of control" behavior after Taipei lost another ally to Beijing. El Salvador has become the third country to switch allegiances to China this year as President Xi warns that the issue of unification cannot be put off indefinitely. Taiwan now has formal relations with only 17 countries worldwide, many of them small, less developed nations in Central America and the Pacific. 

  

Iraq's economy is so closely linked to Iran that Baghdad is going to ask Washington for permission to ignore some U.S. sanctions on its neighbor, according to government and central bank officials. The request would mark an important change in political tactics for Iraqi Prime Minister Haider al-Abadi. He initially said Baghdad would respect all the U.S. sanctions but faced heavy criticism from rivals. 

  

Australian Prime Minister Malcolm Turnbull has survived a leadership challenge after struggling to pass key pieces of his legislative agenda and keep members of his party in line. A bid to cut corporate taxes has stalled in Parliament, a devastating drought is threatening to hurt growth and a spat with China over political interference has chilled relations with the country's top trading partner. 



Asian Indexes - After Market

Markets Closed


Asian markets finished broadly higher today with shares in China leading the region. The Shanghai Composite is up 1.31% while Hong Kong's Hang Seng is up 0.56% and Japan's Nikkei 225 is up 0.09%. 


Index  Country  Change  %Change  Level  Last Update


Australia ASX All Ordinaries  Australia

-52.10  -0.81%  6,383.00

2:11am ET

Shanghai SE Composite Index  China

+35.36  +1.31%  2,733.83

3:29am ET

Hang Seng  Hong Kong

+154.77  +0.56%  27,752.79

4:09am ET

Mumbai Sensex  India

+7.00  +0.02%  38,285.75

8:07am ET

Nikkei 225  Japan

+20.73  +0.09%  22,219.73

2:15am ET

Taiwan TSEC 50 Index  Taiwan

+93.15  +0.87%  10,792.20

1:33am ET