Wednesday, December 4, 2019
TODAY’S GAME PLAN:
DATA/HEADLINES: 8:15ET ADP Employment; 9:45ET Markit Services PMI; 10:00ET ISM Non-Manufacturing Index, Fed’s Quarles testifies before the House Financial Services Committee, CAD rate decision
IF U.S. USES ANY ARMED FORCES, N.KOREA WILL TAKE PROMPT CORRESPONDING ACTIONS AT ANY LEVEL – KCNA. North Korea: Use Of Armed Forces Against The DPRK Will Be A Horrible Thing For The U.S. –KCNA. US And N.Korea Can Turn Into An All-Out Armed Conflict Any Moment Even By Any Accidental Case
Yesterday’s vote in the House of Representatives to impose sanctions on Chinese officials over human rights abuses weighed on global stocks as it seemingly increased the risk of breakdown in US-China talks. But today, US Index futures gain after Bloomberg reported that U.S. negotiators expect a phase-one deal to be completed before tariffs are set to rise on Dec. 15. Europe is outperforming after the report.
EQUITIES: pre market movers at bottom of this page
E-mini S&P is +0.5%, Nasdaq 0.65%, RTY 0.5%. SPX will have 3107 area as initial resistance area and short term closing key.
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