U.S. Manufacturing Picture Is Looking Brighter Than Europe''s Right Now
(Tuesday Market Open) Global jitters over U.S. House Speaker Nancy Pelosi’s expected visit to Taiwan dominated premarket trading with major U.S. equities indexes moving mildly lower before the open. JOLTs job openings for June are due this morning while Marriott and Simon Properties offered positive news on the earnings and consumer front. Potential Market Movers Global tensions over the controversial visit by the U.S. House leader sent Chinese stocks mostly lower this morning with the Shanghai Composite Index finishing down 2.3%. Also, Hong Kong’s Hang Seng index lost 2.36% for the day and Taiwan’s Taiex, dropped 1.56%. House Speaker Nancy Pelosi’s scheduled visit today to Taiwan is the first by a House speaker since 1997 and has been criticized for raising tensions between the U.S. and China as China considers Taiwan one of its territories. Taiwan is also an important global tech manufacturer. CNBC reported before the open that JPMorgan issued a note on Tuesday that said stock markets could “shrug off” Pelosi’s visit if there is “no immediate reaction” from China.
U.S. Manufacturing Picture Is Looking Brighter Than Europe''s Right Now
(Tuesday Market Open) Global jitters over U.S. House Speaker Nancy Pelosi’s expected visit to Taiwan dominated premarket trading with major U.S. equities indexes moving mildly lower before the open. JOLTs job openings for June are due this morning while Marriott and Simon Properties offered positive news on the earnings and consumer front. Potential Market Movers Global tensions over the controversial visit by the U.S. House leader sent Chinese stocks mostly lower this morning with the Shanghai Composite Index finishing down 2.3%. Also, Hong Kong’s Hang Seng index lost 2.36% for the day and Taiwan’s Taiex, dropped 1.56%. House Speaker Nancy Pelosi’s scheduled visit today to Taiwan is the first by a House speaker since 1997 and has been criticized for raising tensions between the U.S. and China as China considers Taiwan one of its territories. Taiwan is also an important global tech manufacturer. CNBC reported before the open that JPMorgan issued a note on Tuesday that said stock markets could “shrug off” Pelosi’s visit if there is “no immediate reaction” from China.