President Trump twitted on Saturday that “big progress” was being made with Chinese President Xi on trade talks and global equities climbed including US equity futures. However, despite of gains in stocks today, major indexes remain down for 2018 and global stocks are set for their worst year since the financial crisis. Into 2019, there will still be a lot of event risks emerging including the ongoing trade talks and the dispute over border wall funding. For the remainder of this week, a joint interview with Fed Chair Powell and his predecessors Yellen and Bernanke at the American Economic Association meeting on Friday will draw investors’ attention. Treasuries fell and WTI crude rallied this morning.
There is only one economic data being released today; Dallas Fed Manufacturing Activity Index came in unexpectedly low at -5.10 in December vs. 15.00 estimate and 17.60 prior. The final US jobs report for 2018 will be released this Friday.
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President Trump twitted on Saturday that “big progress” was being made with Chinese President Xi on trade talks and global equities climbed including US equity futures. However, despite of gains in stocks today, major indexes remain down for 2018 and global stocks are set for their worst year since the financial crisis. Into 2019, there will still be a lot of event risks emerging including the ongoing trade talks and the dispute over border wall funding. For the remainder of this week, a joint interview with Fed Chair Powell and his predecessors Yellen and Bernanke at the American Economic Association meeting on Friday will draw investors’ attention. Treasuries fell and WTI crude rallied this morning.
There is only one economic data being released today; Dallas Fed Manufacturing Activity Index came in unexpectedly low at -5.10 in December vs. 15.00 estimate and 17.60 prior. The final US jobs report for 2018 will be released this Friday.
The curve has bear-flattened with UST 10-