Stocks mingled prior to US-EU trade negotiations; Asia Rides China Boost Boost

Wednesday Market Minute

• Global stocks mixed as China's stimulus backs Asia;
• European Commission President Jean-Claude Juncker travels to Washington for trade talks with President Donald Trump
• U.S. Equity futures plan to open on Wall Street, A & T slipping into the trade before the end of the second quarter earnings.
• Diagram of active results with the second quarter figures of Boeing, Visa and Coca-Cola, as well as Ford, GM and AMD. Facebook Follows the Bell

Market Overview

Global equity markets were mixed on Wednesday as Asian markets were supported by China's prospect of billions of new stimulus as investors continue to focus on the season for investors. results and a summit on trade between Europe and the United States later today in Washington.

China's plan to increase government spending, while increasing tax breaks for small businesses in the technology sector to businesses in various sectors of the economy. In Asia, a slight sea breeze on Wednesday, as investors bet on the measures partially offsets the impact of imminent US tariffs on Chinese-made products, which President Donald Trump says is ready to bring to $ 500 billion. dollars. to be another year of record trade deficit with the second largest economy in the world.

China's plan also provided support for metals and commodity prices, both gains rose Wednesday due to an anticipated rise in demand in Beijing. This allowed the region's MSCI Asia ex-Japan index, the broadest measure of prices, to increase by 0.23% at the close of trading while the Japanese Nikkei 225 recorded a solid gain of 0.46% to close the day at 22.614.25

However, European equities changed little at the beginning of the negotiations as investors re-examined a series of bluechip business profits and watched the news. evolution of the current trade dispute between Washington and Brussels. The Stoxx 600 index at the regional scale was up 0.07% at the opening bell, although benchmark indices in Germany and Great Britain fell slightly in the red despite the second quarter results reports. the releases, the German lender registering a net profit down 14%, to 404 million euros, on a turnover of 6.6 billion euros. Both figures, however, were stronger than the market had anticipated this month, when Deutsche announced a surprise improvement on 16 July. The bank's shares rose 0.43% at the beginning of the Frankfurt session.

European Commission President Jean-Claude Juncker will lead a delegation of 28 EU members as he attempts to negotiate a stalemate with the Trump administration on trade and commerce. tariffs.

Reports suggest that the EU is ready to expand its own tariff list on products manufactured in the United States, which has already exceeded 2.8 billion euros, though it does not. is unable to advance negotiations with Trump today in Washington

. The European Union arrives tomorrow in Washington to negotiate an agreement on trade. I have an idea for them. The United States and the US remove all tariffs, barriers and subsidies! It would eventually be called Free Market and Fair Trade! Hopefully they do it, we are ready – but they will not be!

– Donald J. Trump (@realDonaldTrump) July 25, 2018

Early indications of futures on US stocks suggest such a weak trading start on Wednesday, although the pace and trading grade will be once again dictated by the hectic schedule of results, which includes second-quarter reports from Dow Boeing Co. (BA), Visa Inc. (V), Coca-Cola Co. (KO) as well as Advanced Micro Devices (AMD) components , Ford Motor Co (F), General Motors (GM), Mattel (MAT), Northrup Grumman Corporation (NOC). Social media giant Facebook Inc. (FB) will release its second quarter results at the close of today's markets.

Futures contracts linked to the Dow Jones Industrial Average suggest a decrease of 20 points for the average, while those related to the S & P 500 predict a modest decrease of 0.7 for the 39, wider benchmark. After setting a new record yesterday, before dipping into the red later in the session, Nasdaq Composite futures show a 8.75-point pullback for the technology-based benchmark.

World oil prices rebounded for a second consecutive session on Wednesday as investors focused on China's revival and a report by the American Petroleum Institute indicating that crude inventories fell 3.2 million barrels last week.

Brent contracts for September delivery, the global benchmark for pricing, rose 60 cents from Tuesday's close in New York and changed hands at $ 74.04 a barrel early in the session European. WTI contracts for the same month, which are more closely related to US gasoline prices, increased 33 cents to $ 65.85 per barrel.