Reports Of Progress In Trade Talks May Lead To Higher Open

[ADVFN]( [WorldDaily Markets Bulletin]( [Daily world financial news]( [Wednesday, 03 April 2019 09:36:26]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( Marijuana Millionaire Playbook Right now, literally hundreds of these marijuana stocks are exploding to rare highs.. [Claim Your FREE copy now..]( --------------------------------------------------------------- US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are pointing to a higher opening on Wednesday following the lackluster performance seen in the previous session. Continued optimism about U.S.-China trade talks is likely to contribute to early buying interest ahead of meetings between U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He. People briefed on the trade talks told the Financial Times top U.S. and Chinese officials have resolved most of the issues standing in the way of a deal to end their long-running trade dispute. Officials are still haggling over how to implement and enforce the agreement, however, with Myron Brilliant, executive vice-president for international affairs at the U.S. Chamber of Commerce, telling reporters the last 10 percent is the ?hardest part.? The Financial Times said the two sides remain apart on two key issues: the fate of existing U.S. tariffs on Chinese goods and the terms of an enforcement mechanism demanded by Washington to ensure that China abides by the deal. Meanwhile, the early buying interest may be partly offset by a report from payroll processor ADP showing much weaker than expected private sector job growth in the month of March. Stocks showed a lack of direction over the course of the trading session on Tuesday following the strong upward move seen on Monday. While the Dow remained in negative territory, the broader Nasdaq and the S&P 500 spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the session mixed. The Dow slipped 79.29 points or 0.3 percent to 26,179.13, but the S&P 500 inched up 0.05 points or less than a tenth of a percent to 2,867.24 and the Nasdaq rose 19.78 points or 0.3 percent to 7,848.69. The choppy trading on Wall Street reflected uncertainty about the near-term outlook for the markets on the heels of Monday?s rally. Traders may be looking for more concrete developments out of ongoing U.S.-China trade talks before making more significant moves. Additionally, a report from the Commerce Department partly offset the positive sentiment generated by the upbeat manufacturing data released on Monday. The report showed a steep drop in durable goods orders in the month of February, although the decrease was largely due to a nosedive in orders for transportation equipment. The Commerce Department said durable goods orders tumbled by 1.6 percent in February after inching up by a downwardly revised 0.1 percent in January. Economists had expected durable goods orders to plunge by 1.8 percent compared to the 0.3 percent increase that had been reported for the previous month. Excluding the substantial decrease in orders for transportation equipment, however, durable goods orders actually inched up by 0.1 percent in February after edging down by 0.1 percent in January. The Commerce Department also said orders for non-defense capital goods excluding aircraft, a closely watched indicator of business spending, edged down by 0.1 percent in February after climbing by 0.9 percent in January. Paul Ashworth, Chief U.S. Economist at Capital Economics, noted shipments in the same category were unchanged, albeit after a 1.0 percent jump in January. "Nevertheless, non-defense capital goods (ex-aircraft) shipments are on track to expand by a modest 4% annualized in the first quarter, which points to an equally modest gain in business equipment investment," Ashworth said. He added, "The moderation in the survey evidence over the past few months, which reflects the global manufacturing downturn, indicates that underlying durable goods orders and shipments will continue to grow at a very modest pace over the next few months." Most of the major sectors ended the day showing only modest moves on the day, contributing to the lackluster close by the broader markets. Biotechnology stocks showed a strong move to the upside, however, with the NYSE Arca Biotechnology Index climbing by 1 percent. With the gain, the index ended the session at a six-month closing high. Chemical and gold stocks also saw some strength on the day, while weakness was visible among tobacco and energy stocks. --------------------------------------------------------------- Is Amazon About to Shock Bitcoin Investors? If you're investing in Bitcoin or other cryptocurrencies or are simply planning to invest soon then you MUST see this information about Amazon. [Click here]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( Payroll processor ADP released a report showing much weaker than expected private sector job growth in the month of March. ADP said private sector employment rose by 129,000 jobs in March after jumping by an upwardly revised 197,000 jobs in February. Economists had expected employment to increase by 170,000 jobs compared to the addition of 183,000 jobs originally reported for the previous month. At 10 am ET, the Institute for Supply Management is scheduled to release its report on activity in the service sector in the month of March. The ISM?s non-manufacturing index is expected to dip to 58.0 in March from 59.7 in February, although a reading above 50 would still indicate growth in the service sector. The Energy Information Administration is due to release its report on oil inventories in the week ended March 29th at 10:30 am ET. Crude oil inventories are expected to drop by 1.2 million barrels after climbing by 2.8 million barrels in the previous week. At 5 pm ET, Minneapolis Federal Reserve President Neel Kashkari is scheduled to participate in a town hall at North Dakota State University in Fargo. --------------------------------------------------------------- Eccentric Millionaire Reveals His Secret $1.8 Million Cryptocurrency Script [Click here]( --------------------------------------------------------------- Stocks in Focus Shares of Dave & Buster?s (PLAY) are seeing significant pre-market strength after the restaurant chain reported fourth quarter results that exceeded analyst estimates and announced a $200 million stock buyback. Blue Apron (APRN) is also moving sharply higher in pre-market trading after appointing Linda Findley Kozlowski to replace Brad Dickerson as President and Chief Executive Officer. On the other hand, shares of GameStop (GME) are likely to come under pressure after the video game retailer reported weaker than expected fiscal fourth quarter sales and provided disappointing guidance. --------------------------------------------------------------- Become a Shareholder in High Times The Original Voice of Cannabis. Join our investor community and help shape the emerging cannabis industry. [Click Here]( --------------------------------------------------------------- Europe European shares have risen on Wednesday, extending gains for a fourth straight session, as investors cheered signs of progress in U.S.-China trade talks and a survey showed activity in China's services sector picked up to a 14-month high in March. Closer to home, the eurozone services PMI was revised up from 52.7 to 53.3 in March, while the region's retail sales grew 0.4 percent in February versus the 0.3 percent growth expected. Separately, survey data from IHS Markit showed that the U.K. service sector shrunk for the first time in over two-and-a-half years in March. Traders also watched Brexit headlines, with reports suggesting that British Prime Minister Theresa May will ask the EU for an extension to the Brexit deadline to "break the logjam" in Parliament. While the German DAX Index has rallied by 1.3 percent, the French CAC 40 Index is up by 0.7 percent and the U.K.?s FTSE 100 Index is up by 0.1 percent. Banking group Banco de Sabadell SA has moved sharply higher on news it may sell part of its non-core businesses. Banco Santander has also rallied after it unveiled an additional 1.2 billion euros of cost cuts. German auto parts supplier Continental has also advanced after saying it would stick to plans to list its powertrain division. Media company Prosiebensat has jumped on buzz that it may be among the possible candidates for a cross-border deal with Italian broadcaster Mediaset. Meanwhile, Swiss drug giant Roche has fallen after it withdrew its premerger notification and report form under the Hart-Scott-Rodino Act in connection with the pending acquisition of Spark. --------------------------------------------------------------- Get your free PlusOne Coin. Plus One Coin (PLUS1) is a social media cryptocurrency where users can up-vote content and other social media. Claim it free from sponsored faucets [here..]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks rose on Wednesday, as optimism about U.S.-China trade talks helped investors shrug off concerns surrounding Brexit. The mood was brightened after the Financial Times reported that the U.S. and China have resolved most of the outstanding issues and are drawing closer to a final trade agreement. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are due to resume talks with Chinese Vice Premier Liu He today. China's Shanghai Composite Index rallied 39.47 points or 1.2 percent to 3,216.30, a more than one-year high, with sentiment aided by signs of economic recovery and progress in trade talks. Hong Kong's Hang Seng Index surged up 361.72 points or 1.2 percent to 29,986. 39. The private sector in Hong Kong contracted at a faster rate in March, the latest survey from Nikkei revealed, with a PMI score of 48.0, down from 48.4 in February. Japanese shares advanced on renewed optimism over ongoing trade talks between the U.S. and China. The Nikkei 225 Index jumped 207.90 points or 1 percent to 21,713.21, led by shipping companies and machinery makers. The broader Topix index closed 0.6 percent higher at 1,621.77. Kawasaki Kisen jumped 5.6 percent and Fanuc added 2.7 percent. Japan Display soared 6.3 percent on reports saying that it would supply organic light-emitting diode (OLED) screens for the Apple Watch later this year. Market heavyweight Fast Retailing gained 5.4 percent after reporting strong monthly sales for March. On the economic front, the latest survey from Nikkei revealed that the services sector in Japan continued to expand in March, albeit at a slightly lower pace, with a services PMI score of 52.0. That's down from 52.3 in February. Australian markets ended notably higher as upbeat retail sales and trade data boosted sentiment. The benchmark S&P/ASX 200 Index advanced 42.60 points or 0.7 percent to 6,285, while the broader All Ordinaries Index ended up 40.90 points or 0.7 percent at 6,368.70. Australia had a seasonally adjusted merchandise trade surplus of A$4.801 billion in February, a government report showed. That beat expectations for a surplus of A$3.70 billion. Retail sales in the country rose 0.8 percent in February, beating estimates for an increase of 0.3 percent, while the services sector in Australia contracted at a slightly slower rate in March, separate reports showed. Healthcare stocks led the surge after the conservative government announced record healthcare spending in the pre-election budget. CSL gained 1.1 percent and Cochlear advanced 0.8 percent. Mining stocks also gained ground as iron ore futures on the Dalian Commodity Exchange jumped to a record. BHP, Rio Tinto and Fortescue Metals Group all rose around 2 percent. --------------------------------------------------------------- --------------------------------------------------------------- Commodities Crude oil futures are inching up $0.02 to $62.60 a barrel after jumping $0.99 to $62.58 a barrel on Tuesday. Meanwhile, after edging up $1.20 to $1,295.40 an ounce in the previous session, gold futures are rising $2 to $1,297.40 an ounce. On the currency front, the U.S. dollar is trading at 111.47 yen compared to the 111.32 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.1239 compared to yesterday?s $1.1204. --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49