Amid stern words from both sides (China over Huawei, US over “hard deadlines” and “predatory behavior”), US futures have tumbled at the open, back below Thursday’s pre-panic-bid lows…
Of course, it’s not just China-US tensions, as Bloomberg notes: Here’s a non-exhaustive list of potential risk-off drivers hanging over Monday’s open:
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China summons U.S. Ambassador over the Huawei case
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Trump Chief of Staff Kelly to leave, amid a welter of fresh Mueller developments
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China reports weaker trade and inflation data
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May pushes ahead on Brexit vote despite Cabinet, DUP opposition
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Soggy U.S. payrolls, though not soggy enough to stop a December Fed hike
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France protests intensify, raising concern of economic damage
And given that list Dow -200 is not too bad…
The S&P and Nasdaq are also falling…
Gold and Crude are modestly higher…
Treasury futures are bid, implying 10Y Yields down around 2bps.
via RSS https://ift.tt/2QlGh0B Tyler Durden