Risk assets bounced off the overnight lows (SPX +.6%) and Treasuries are little changed after a week dominated by escalating trade tensions. The move higher came after President Trump suggested that Huawei Technologies, the recently blacklisted Chinese telecom company, could be included in a trade deal. However, Chinese officials told Bloomberg TV that there have not been any discussions regarding a meeting between the two countries. In Europe, Prime Minister May’s resignation did not come as a surprise after all the resistance to her Brexit deal. The fixed income market will be observing an early close at 2pm EST and reopen Tuesday morning following Memorial Day.
Associate, Investment Management Group
|5/24/2019||Durable Goods Orders||-2.00%||-2.10%||2.60%||1.70%|
|5/24/2019||Durables Ex Transportation||0.10%||0.00%||0.30%||-0.50%|
|5/24/2019||Cap Goods Orders Nondef Ex Air||-0.30%||-0.90%||1.40%||0.30%|
|5/24/2019||Cap Goods Ship Nondef Ex Air||-0.10%||0.00%||0.00%||-0.60%|
Subscribe to our email list and get the latest articles and announcements from ALM First.